Utah § 70D-2-304 Statement to be provided.

Utah Statutes

§ 70D-2-304 — Statement to be provided.

Utah § 70D-2-304

Title 70DFinancial Institution Mortgage Financing Regulation Act

Ch. 70D-2Mortgage Lending and Servicing Act

Part 70D-2-3Operational Requirements

This text of Utah § 70D-2-304 (Statement to be provided.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70D-2-304 (2026).

Text

(1)Unless a servicer regularly provides the information described in this Subsection (1) in a monthly statement to a mortgagor, the servicer shall deliver to a mortgagor, within 15 days after receipt of a written request, a statement of the mortgagor's account including the following information:

(1)(a) the date and amount of the payments credited to the account within the previous 12-month period;

(1)(b) the balance in any escrow account held by the servicer; and

(1)(c) the total unpaid balance of the mortgage loan.

(2)A servicer shall provide the first two statements requested for an account in a 12-month period without charge. If more than two statements are requested for the same account in a 12-month period, the servicer may charge a reasonable fee for an additional statement.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Unless a servicer regularly provides the information described in this Subsection (1) in a monthly statement to a mortgagor, the servicer shall deliver to a mortgagor, within 15 days after receipt of a written request, a statement of the mortgagor's account including the following information:

(1)(a) the date and amount of the payments credited to the account within the previous 12-month period;
(1)(b) the balance in any escrow account held by the servicer; and
(1)(c) the total unpaid balance of the mortgage loan.
(2) A servicer shall provide the first two statements requested for an account in a 12-month period without charge. If more than two statements are requested for the same account in a 12-month period, the servicer may charge a reasonable fee for an additional statement.