Negative amortization prohibited.

  1. Law
  2. Utah Code
  3. Securities Division - Real Estate Division
  4. Utah High Cost Home Loan Act
  5. Negative amortization prohibited.

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  • (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.




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