Utah Admin. Code 335-1-3

Current through Bulletin 2025-01, January 1, 2025

Section R335-1-3 - Rule Prohibiting Negative Wrap Loans

All wrap loans subject to Title 70C shall provide for a minimum monthly payment sufficient to pay at least the monthly interest on the wrap loan and the total monthly payment, including interest, principal, escrow or reserve payments, or both, on all obligations wrapped by the loan.

Utah Admin. Code R335-1-3