61-2d-112 - Notice of information available to borrowers. - Utah Statutes

State Codes and Statutes

Statutes > Utah > Title-61 > Chapter-02d > 61-2d-112

61-2d-112. Notice of information available to borrowers.
(1) In addition to any other notice or disclosure a lender or title company may provide toa borrower seeking, obtaining, or inquiring about a high-cost mortgage, the lender shall providethe borrower any brochure or other document information prepared by a federal or state authorityin a form intended to inform consumers about home loans or consumer credit on financing oreducational resources on financing.
(2) The requirement set forth in Subsection (1) may include:
(a) the posting, in a public area of the office, notice indicating that educational resourcesare available;
(b) a list of educational opportunities or programs offered in the surrounding areaincluding the program name and phone number;
(c) a printed brochure or booklet on responsible lending and borrowing available to theborrower at no charge; or
(d) information from the Department of Financial Institutions on its responsibleconsumer financial educational program.

Enacted by Chapter 252, 2004 General Session

State Codes and Statutes

Statutes > Utah > Title-61 > Chapter-02d > 61-2d-112

61-2d-112. Notice of information available to borrowers.
(1) In addition to any other notice or disclosure a lender or title company may provide toa borrower seeking, obtaining, or inquiring about a high-cost mortgage, the lender shall providethe borrower any brochure or other document information prepared by a federal or state authorityin a form intended to inform consumers about home loans or consumer credit on financing oreducational resources on financing.
(2) The requirement set forth in Subsection (1) may include:
(a) the posting, in a public area of the office, notice indicating that educational resourcesare available;
(b) a list of educational opportunities or programs offered in the surrounding areaincluding the program name and phone number;
(c) a printed brochure or booklet on responsible lending and borrowing available to theborrower at no charge; or
(d) information from the Department of Financial Institutions on its responsibleconsumer financial educational program.

Enacted by Chapter 252, 2004 General Session

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Utah > Title-61 > Chapter-02d > 61-2d-112

61-2d-112. Notice of information available to borrowers.
(1) In addition to any other notice or disclosure a lender or title company may provide toa borrower seeking, obtaining, or inquiring about a high-cost mortgage, the lender shall providethe borrower any brochure or other document information prepared by a federal or state authorityin a form intended to inform consumers about home loans or consumer credit on financing oreducational resources on financing.
(2) The requirement set forth in Subsection (1) may include:
(a) the posting, in a public area of the office, notice indicating that educational resourcesare available;
(b) a list of educational opportunities or programs offered in the surrounding areaincluding the program name and phone number;
(c) a printed brochure or booklet on responsible lending and borrowing available to theborrower at no charge; or
(d) information from the Department of Financial Institutions on its responsibleconsumer financial educational program.

Enacted by Chapter 252, 2004 General Session