{"data":{"id":"us-ut/utah-code-57-28-207","jurisdiction":"us-ut","citation":"Utah Code § 57-28-207","heading":"Cooling off period -- Closing.","body":"(1) After a prospective borrower accepts, in writing, a lender's written commitment to make a reverse mortgage, the lender may not bind the prospective borrower to the reverse mortgage earlier than five days after the day on which the prospective borrower gives the written acceptance to the lender.\n(2) During the five-day period described in Subsection (1), the lender may not require the prospective borrower to close or otherwise proceed with the reverse mortgage.\n(3) A prospective borrower may not waive the provisions of this section.","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-S207.html","current_through":"2026 General Session","vintage":"","retrieved_at":"2026-09-03T11:34:33Z","sha256":"608bb1a6b2cef7baf0dea443dea831876bae25b972c679a950dfaffff4f886a7","source_id":"us-ut","stale":false,"prev":"us-ut/utah-code-57-28-206","next":"us-ut/utah-code-57-28-208"},"notice":"GroundRules: Original legal text. Not legal advice."}