Utah Code § 70D-2-103: Exemptions.

This chapter does not apply to:

(1) a bona fide nonprofit corporation that grants a first mortgage loan to promote home ownership for low and moderate income borrowers;

(2) an agency of the following that grants a first mortgage loan under a specific federal or state law:

(a) the federal government;

(b) a state, county, or municipal government; or

(c) a quasi-governmental agency;

(3) a casual lender that makes less than five mortgage loans a year; or

(4) a mortgage loan of two years or less.