Utah Statutes
§ 70D-2-304 — Statement to be provided.
Utah·Title 70D Financial Institution Mortgage Financing Regulation Act·Ch. 70D-2 Mortgage Lending and Servicing Act·Part 70D-2-3 Operational Requirements
(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.
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Related
Berneike v. CitiMortgage, Inc.
708 F.3d 1141 (Tenth Circuit, 2013)
Radonna Matchett v. BSI Financial Services
(D. Utah, 2021)
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.