70D-2-104 - Ordinance or law by political subdivision prohibited.
70D-2-104. Ordinance or law by political subdivision prohibited.
(1) A county subject to Title 17, Counties, and a municipality subject to Title 10, UtahMunicipal Code, may not enact an ordinance or law that:
(a) regulates a term of a mortgage loan on a dwelling; or
(b) makes the eligibility of a person to do business with the county or municipalitydependent upon a term of a mortgage loan on a dwelling originated or serviced by the person.
(2) Subsection (1) does not apply to a term or loan funded in whole or in part with moneyprovided or administered by the county or municipality.
Renumbered and Amended by Chapter 72, 2009 General Session