Utah Code 70D-2-506. Civil liability
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Terms Used In Utah Code 70D-2-506
- broker: means a person who in the regular course of business assists a person in obtaining a mortgage loan for a fee or other consideration paid directly or indirectly. See Utah Code 70D-2-102
- Contract: A legal written agreement that becomes binding when signed.
- Lender: includes a mortgage lender. See Utah Code 70D-2-102
- Servicer: means a person who in the regular course of business assumes responsibility for servicing and accepting payments for a mortgage loan. See Utah Code 70D-2-102
Nothing in this chapter limits any civil liability that may exist against a lender, broker, or servicer for breach of contract or other wrong committed against a mortgagor.