Section 57-28-305 - Lender default(1) A lender who fails to make a loan advance on a non-federally insured reverse mortgage in accordance with the reverse mortgage agreement shall forfeit any right to repayment of the outstanding loan balance.(2) After a lender forfeits the lender's right to repayment under Subsection (1), the reverse mortgage loan agreement is void.Added by Chapter 290, 2015 General Session ,§ 15, eff. 5/12/2015.