Utah Code § 61-2d-107: Prohibition on single premium credit life insurance.
Where this section sits in the code
- Title 61 Securities Division - Real Estate Division
- Chapter 61-2d Utah High Cost Home Loan Act
A borrower credit transaction involving a high-cost mortgage may not include:
(1) the offer or sale of any insurance policy, on a single premium or single fee basis, that insures, guarantees, or indemnifies the repayment of the outstanding balance of the loan against:
(a) death;
(b) illness;
(c) accident;
(d) disability; or
(e) unemployment of the borrower; or
(2) debt cancellation or a debt suspension agreement.
Collected 2026-09-03T11:34:33Z. Source file · JSON