Exemptions.
Utah Code § 70D-2-103
in effect70D-2-103. Exemptions.
This chapter does not apply to:
(1) a bona fide nonprofit corporation that grants a first mortgage loan to promote home ownership for low and moderate income borrowers;
(2) an agency of the following that grants a first mortgage loan under a specific federal or state law:
(a) the federal government;
(b) a state, county, or municipal government; or
(c) a quasi-governmental agency;
(3) a casual lender that makes less than five mortgage loans a year; or
(4) a mortgage loan of two years or less.
Renumbered and Amended by Chapter 72, 2009 General Session
Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title70D/Chapter2/70D-2-S103.html?v=C70D-2-S103_1800010118000101Fetched: 10/26/2026