Utah Admin. Code 982-502-7

Current through Bulletin No. 2024-21, November 1, 2024

Section R982-502-7 - Loan Terms

Unless otherwise mutually agreed upon by the lender and borrower, the low-income ADU loan must:

(1) have a term of 15 years; and

(2) charge interest at a fixed rate.

Utah Admin. Code R982-502-7

Adopted by Utah State Bulletin Number 2022-01, effective 12/22/2021