Title 61 Chapter 2d Section 112
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Securities Division - Real Estate Division | |
Utah High Cost Home Loan Act | |
Section 112 | Notice of information available to borrowers. |
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61-2d-112. Notice of information available to
borrowers.
(1) In addition to any other notice or disclosure a lender or title company may provide to a borrower seeking, obtaining, or inquiring about a high-cost mortgage, the lender shall provide the borrower any brochure or other document information prepared by a federal or state authority in a form intended to inform consumers about home loans or consumer credit on financing or educational resources on financing. (2) The requirement set forth in Subsection (1) may include: (a) the posting, in a public area of the office, notice indicating that educational resources are available; (b) a list of educational opportunities or programs offered in the surrounding area including the program name and phone number; (c) a printed brochure or booklet on responsible lending and borrowing available to the borrower at no charge; or (d) information from the Department of Financial Institutions on its responsible consumer financial educational program. Enacted by Chapter 252, 2004 General Session | |
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