R335-1-3

R335-1-3. Rule Prohibiting Negative Wrap Loans

Last amended: 2022Length: 47 wordsOfficial source

Cite as Utah Admin. Code R335-1-3

All wrap loans subject to Title 70C shall provide for a minimum monthly payment sufficient to pay at least the monthly interest on the wrap loan and the total monthly payment, including interest, principal, escrow or reserve payments, or both, on all obligations wrapped by the loan.
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