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Financial Institution Mortgage Financing Regulation Act | |
Mortgage Lending and Servicing Act | |
Section 104 | Ordinance or law by political subdivision prohibited. |
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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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