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Utah Code § 61-2d-104

Negative amortization prohibited

Utah · Utah Code Title 61 — Securities Division - Real Estate Division · Status: effective

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Utah Code § 61-2d-104, Negative amortization prohibited, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2345613
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A high cost mortgage shall provide for regular, periodic payments sufficient to pay: (1) all accrued interest and a portion of principal on the scheduled due date for each payment; and (2) the full amount owed during the term of the loan, if no late fees or other contingent charges are incurred.