Terms Used In Utah Code > Title 7 > Chapter 24 > Part 1 - General Provisions

• Fiduciary: A trustee, executor, or administrator.
• Institution: means :

  (a)	a corporation;

  (b)	a limited liability company;

  (c)	a partnership;

  (d)

  a trust;

  (e)	an association;

  (f)	a joint venture;

  (g)

  a pool;

  (h)	a syndicate;

  (i)	an unincorporated organization; or

  (j)

  any form of business entity. See Utah Code 7-1-103 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. 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 : (a)  an individual; (b)  a corporation; (c)  a limited liability company; (d)  a partnership; (e)  a trust; (f)  an association; (g)  a joint venture; (h)  a pool; (i)  a syndicate; (j)  a sole proprietorship; (k)  an unincorporated organization; or (l)  any form of business entity. See Utah Code 7-1-103 State: means , unless the context demands otherwise: (a)  a state; (b)  the District of Columbia; or (c)  the territories of the United States. See Utah Code 7-1-103 Title lender: includes a person that: (i)  arranges a title loan on behalf of a title lender; (ii)  acts as an agent for a title lender; or (iii)  assists a title lender in the extension of a title loan. See Utah Code 7-24-102 Title loan: includes a title loan extended at the same premise on which any of the following are sold: (i)  a motor vehicle, as defined in Section 41-6a-102; (ii)  a mobile home, as defined in Section 41-6a-102; or (iii)  a motorboat, as defined in Section 73-18-2. See Utah Code 7-24-102 Trust business: means , except as provided in Subsection (1)(c), a business in which one acts in any agency or fiduciary capacity, including that of personal representative, executor, administrator, conservator, guardian, assignee, receiver, depositary, or trustee under appointment as trustee for any purpose permitted by law, including the definition of "trust" set forth in Subsection 75-1-201(55). See Utah Code 7-5-1 Trust company: means an institution authorized to engage in the trust business under this chapter. See Utah Code 7-5-1