Utah Code § 61-2d-110

Current through the 2024 Fourth Special Session
Section 61-2d-110 - Encouraging default prohibited
(1) A lender may not recommend or encourage default or nonpayment leading to foreclosure on an existing loan or other debt prior to and in connection with the closing or planned closing of a high-cost mortgage that refinances all or any portion of such existing loan or debt.
(2) This section applies to all loans.

Utah Code § 61-2d-110

Enacted by Chapter 252, 2004 General Session .