{"data":{"id":"us-ut/utah-code-57-28-206","jurisdiction":"us-ut","citation":"Utah Code § 57-28-206","heading":"Disbursement.","body":"(1) Subject to Subsection (2) and except as provided in Subsection (3), a lender shall pay the loan proceeds of a reverse mortgage under a term payment option, a tenure payment option, or a line of credit payment option.\n(2) Under a term payment option or a tenure payment option, upon a borrower's request, the lender shall disburse a portion of the loan proceeds under a line of credit payment option.\n(3) If a reverse mortgage is a fixed interest rate loan, the lender may pay the loan proceeds in a lump sum.","path":["Title 57 Real Estate","Chapter 57-28 Utah Reverse Mortgage Act","Part 57-28-2 Reverse Mortgage Requirements"],"source_url":"https://le.utah.gov/xcode/Title57/Chapter28/57-28-S206.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"1a841a0ae1359e8ec1293b3a89f00e0ad53777667934e7f3579a360a6c7002f2","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-57-28-205","next":"us-ut/utah-code-57-28-207"},"notice":"GroundRules: Original legal text. Not legal advice."}