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Code · Utah · Title 70D — Financial Institution Mortgage Financing Regulation Act · Chapter 2

70D-2-104. Ordinance or law by political subdivision prohibited.

117 words·~1 min read·/ut/title-70d/chapter-2/70d-2-104

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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 business with the county or municipality dependent upon a term of a mortgage loan on a dwelling originated or serviced by the person.
(2)Subsection
(1)does not apply to a term or loan funded in whole or in part with money provided or administered by the county or municipality.
Renumbered and Amended by Chapter 72 , 2009 General Session
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