LegalFix
Sign In

Section 112 - Notice of information available to borrowers.

UT Code § 61-2d-112 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(1) In addition to any other notice or disclosure a lender or title company may provide to a borrower seeking, obtaining, or inquiring about a high-cost mortgage, the lender shall provide the borrower any brochure or other document information prepared by a federal or state authority in a form intended to inform consumers about home loans or consumer credit on financing or educational 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 resources are available; (b) a list of educational opportunities or programs offered in the surrounding area including the program name and phone number; (c) a printed brochure or booklet on responsible lending and borrowing available to the borrower at no charge; or (d) information from the Department of Financial Institutions on its responsible consumer financial educational program.

(a) the posting, in a public area of the office, notice indicating that educational resources are available;

(b) a list of educational opportunities or programs offered in the surrounding area including the program name and phone number;

(c) a printed brochure or booklet on responsible lending and borrowing available to the borrower at no charge; or

(d) information from the Department of Financial Institutions on its responsible consumer financial educational program.

Previous Section
Section 111 - Mortgage forms.
Next Section
Section 113 - Effect of failure to comply.