Utah Statutes
§ 70D-2-104 — Ordinance or law by political subdivision prohibited.
Utah·Title 70D Financial Institution Mortgage Financing Regulation Act·Ch. 70D-2 Mortgage Lending and Servicing Act·Part 70D-2-1 General Provisions
(1)A county subject to Title 17, Counties, and a municipality subject to Title 10, Utah Municipal Code, may not enact an ordinance or law that:
(1)(a) regulates a term of a mortgage loan on a dwelling; or
(1)(b) makes the eligibility of a person to do business with the county or municipality dependent upon a term of a mortgage loan on a dwelling originated or serviced by the person.
(2)Subsection (1) does not apply to a term or loan funded in whole or in part with money provided or administered by the county or municipality.
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Legislative History
Renumbered and Amended by Chapter 72, 2009 General Session
Nearby Sections
15
§ 70D-1-101
Title.§ 70D-1-102
Definitions.§ 70D-2-101
Short title.§ 70D-2-102
Definitions.§ 70D-2-103
Exemptions.§ 70D-2-201
Registration -- Exemptions.§ 70D-2-203
Fees -- Examination.§ 70D-2-301
Record retention.§ 70D-2-302
Notice required with loan application.§ 70D-2-304
Statement to be provided.§ 70D-2-305
Fee restrictions.