Utah Code > Title 38 > Chapter 1a > Part 6 – Construction Loans
Current as of: 2023 | Check for updates
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Other versions
§ 38-1a-601 | Notice of construction loan |
§ 38-1a-602 | Notice concerning construction loan default |
§ 38-1a-603 | Notice of intent to finance |
§ 38-1a-604 | Notice of final lien waiver |
Terms Used In Utah Code > Title 38 > Chapter 1a > Part 6 - Construction Loans
- Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
- Arrest: Taking physical custody of a person by lawful authority.
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Construction lender: means a person who makes a construction loan. See Utah Code 38-1a-102
- Construction project: means an improvement that is constructed pursuant to an original contract. See Utah Code 38-1a-102
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Entry number: means the reference number that:
(a) the designated agent assigns to each notice or other document filed with the registry; and (b) is unique for each notice or other document. See Utah Code 38-1a-102 - Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Extradition: The formal process of delivering an accused or convicted person from authorities in one state to authorities in another state.
- Final lien waiver: means a form that complies with Subsection 38-1a-802(4)(c). See Utah Code 38-1a-102
- Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.
- Owner: means a person who possesses an interest in a project property and contracts with an original contractor for preconstruction service or construction work. See Utah Code 38-1a-102
- Person: means :Utah Code 68-3-12.5
- Presiding officer: means the presiding officer of the Judicial Council. See Utah Code 77-10a-1
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
- Private project: means a construction project that is not a government project. See Utah Code 38-1a-102
- Project property: means the real property interest on or for which preconstruction service or construction work is or will be provided. See Utah Code 38-1a-102
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Registry: means the State Construction Registry under 2. See Utah Code 38-1a-102
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
- Subcontractor: means a person that contracts to provide preconstruction service or construction work to:
(a) a person other than the owner; or (b) the owner, if the owner is an owner-builder. See Utah Code 38-1a-102 - Subpoena: A command to a witness to appear and give testimony.
- Supervising judge: means the district court judge appointed by the presiding officer to supervise the five-judge grand jury panel. See Utah Code 77-10a-1
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.
- Trustor: The person who makes or creates a trust. Also known as the grantor or settlor.