61-2d-112 - Notice of information available to borrowers. - Utah Statutes

61-2d-112. Notice of information available to borrowers.
(1) In addition to any other notice or disclosure a lender or title company may provide toa borrower seeking, obtaining, or inquiring about a high-cost mortgage, the lender shall providethe borrower any brochure or other document information prepared by a federal or state authorityin a form intended to inform consumers about home loans or consumer credit on financing oreducational resources on financing.
(2) The requirement set forth in Subsection (1) may include:
(a) the posting, in a public area of the office, notice indicating that educational resourcesare available;
(b) a list of educational opportunities or programs offered in the surrounding areaincluding the program name and phone number;
(c) a printed brochure or booklet on responsible lending and borrowing available to theborrower at no charge; or
(d) information from the Department of Financial Institutions on its responsibleconsumer financial educational program.

Enacted by Chapter 252, 2004 General Session