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Notice required with loan application.

Utah Code § 70D-2-302
in effect
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70D-2-302. Notice required with loan application. (1) If the following is the case, a lender and broker shall notify in writing a person from whom the lender or broker receives or for whom the lender or broker prepares a written application for a mortgage loan that: (a) the mortgage loan applied for may be sold or assigned; (b) the servicing of the loan may be sold or assigned; and (c) the mortgage loan will not necessarily be held or serviced by the lender that originates the mortgage loan. (2) A lender and broker shall provide a written notice required by this section at the time of receipt or preparation of the written application for a mortgage loan. 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-S302.html?v=C70D-2-S302_1800010118000101Fetched: 10/26/2026

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