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Statutes > Utah Statutes > Title 07 - Financial Institutions Act > Chapter 17 - Interest on Mortgage Loan Reserve Accounts

Chapter 17 - Interest on Mortgage Loan Reserve Accounts

  • 7-17-1 - Legislative intent.
  • 7-17-2 - Definitions.
  • 7-17-3 - Lender to pay interest -- Exceptions -- Service charges prohibited.
  • 7-17-4 - Options in lieu of reserve account -- Notice by lender -- Selection by borrower -- Noninterest-bearing reserve account -- Exemption.
  • 7-17-5 - Statements.
  • 7-17-6 - Liability of lender for failure to pay taxes, insurance premiums, or other charges.
  • 7-17-7 - Limit on amount borrower required to pay into account -- Deficiency -- Method of recouping and remedies for default.
  • 7-17-8 - Damages for lender's violation of act -- Limitations on recovery.
  • 7-17-9 - Actions on accounts established prior to 1979 -- Limitations on recovery.
  • 7-17-10 - Applicability of act to accounts and actions thereon.




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