Utah Code 57-28-208. Federally insured reverse mortgages
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Terms Used In Utah Code 57-28-208
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
57-28-208. Federally insured reverse mortgages.
When a lender makes a reverse mortgage that is federally insured by the United States Department of Housing and Urban Development, the lender satisfies the requirements described in Sections 57-28-202 through 57-28-206 if the lender complies with the federal requirements described in 12 U.S.C. § 1715z-20 and 24 C.F.R. part 206.
When a lender makes a reverse mortgage that is federally insured by the United States Department of Housing and Urban Development, the lender satisfies the requirements described in Sections 57-28-202 through 57-28-206 if the lender complies with the federal requirements described in 12 U.S.C. § 1715z-20 and 24 C.F.R. part 206.
Enacted by Chapter 290, 2015 General Session