57-1-41 - Objections to reconveyance or release. - Utah Statutes

57-1-41. Objections to reconveyance or release.
A title insurer or title agent may not record a reconveyance of trust deed or release ofmortgage if, within 60 days from the day on which the title insurer or title agent delivered ormailed the notice of intent to release or reconvey in accordance with Subsections 57-1-40(3) and(4), the beneficiary, mortgagee, or servicer sends a notice that the obligation secured by the trustdeed or mortgage has not been paid in full or objects to the release of the mortgage orreconveyance of the trust deed under Subsection (5)(a).

Enacted by Chapter 185, 1995 General Session