Utah Code > Title 57 > Chapter 28 > Part 3 – Reverse Mortgage Proceeds, Priority, Foreclosure, and Lender Default
Current as of: 2023 | Check for updates
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Other versions
| § 57-28-301 | Title |
| § 57-28-302 | Treatment of loan proceeds — Effect on assistance eligibility |
| § 57-28-303 | Priority |
| § 57-28-304 | Foreclosure |
| § 57-28-305 | Lender default |
Terms Used In Utah Code > Title 57 > Chapter 28 > Part 3 - Reverse Mortgage Proceeds, Priority, Foreclosure, and Lender Default
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- Person: means :Utah Code 68-3-12.5