Section 103 – Exemptions.
70D-2-103. Exemptions. This chapter does not apply to: (1) a bona fide nonprofit corporation that grants a first mortgage loan to promote home ownership for low and moderate income borrowers; (2) an agency of the following that grants a first mortgage loan under a specific federal or state law: (a) the federal government; (b) a […]
Section 104 – Ordinance or law by political subdivision prohibited.
70D-2-104. Ordinance or law by political subdivision prohibited. (1) A county subject to Title 17, Counties, and a municipality subject to Title 10, Utah Municipal Code, may not enact an ordinance or law that: (a) regulates a term of a mortgage loan on a dwelling; or (b) makes the eligibility of a person to do […]