Fiscal Note - State of Utah - 2011 General Session

SB0261S03 - Changes to Trust Deed Foreclosure Provisions

State Government (UCA 36-12-13(2)(b)):
Any civil penalties would be collected by the Commerce Department, Real Estate Division. There is not enough data to make an estimate of the total amount.

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill may result in a civil penalty of $2,000 and payment of the plaintiff's costs and attorney fees for individuals who are found to be an "unauthorized person" exercising a power of sale or a beneficiary or agent who fails to deliver a notice to a trustor as required in section 57-1-24.5.