70D-4-201. Scope.
154 words·~1 min read·
/ut/title-70d/chapter-4/70d-4-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
70D-4-201. Scope.
(1)Except as provided in Subsection (3), this chapter applies to a mortgage modification.
(2)This chapter does not affect the following law of this state:
(a)law governing the required content of a mortgage;
(b)a statute of limitations or other law governing the expiration or termination of a right to enforce an obligation or a mortgage;
(c)a recording statute;
(d)a statute governing the priority of a tax lien or other governmental lien;
(e)a statute of frauds; or
(f)except as provided in Subsection 70D-4-301(2)(h) , law governing the priority of a future advance.
(3)This chapter does not apply to:
(a)a release of, or addition to, property encumbered by a mortgage;
(b)a release of, addition of, or other change in an obligor; or
(c)an assignment or other transfer of a mortgage or an obligation.
Enacted by Chapter 482 , 2025 General Session