Utah Code § 57-28-303

Current through the 2024 Fourth Special Session
Section 57-28-303 - Priority
(1) All amounts secured by a reverse mortgage have the same lien priority as the first disbursement under the reverse mortgage.
(2) For purposes of Subsection (1), the amount secured by the reverse mortgage includes any payment to the borrower from the loan proceeds, regardless of the purpose of the payment.

Utah Code § 57-28-303

Added by Chapter 290, 2015 General Session ,§ 13, eff. 5/12/2015.