Utah § 7-22-101 - Definitions -- Exemptions.

Full text of Utah Utah Code § 7-22-101 — Definitions -- Exemptions., with citation guidance and answers to common questions.

§ 7-22-101. Definitions -- Exemptions.

Effective 5/6/2026
7-22-101.  Definitions -- Exemptions.
(1)As used in this chapter:
(a)"Escrow" means an agreement, express or implied, that provides for one or more parties to deliver or entrust money, a certificate of deposit, a security, a negotiable instrument, a deed, or other property or asset to another person to be held, paid, or delivered in accordance with terms and conditions prescribed in the agreement.
(b)"Escrow agent" means a person that provides or offers to provide escrow services to the public.
(c)"Nationwide database" means the Nationwide Mortgage Licensing System and Registry, authorized under 12 U.S.C. Sec. 5101 for federal licensing of mortgage loan originators.
(2)This chapter does not apply to:
(a)a trust company authorized to engage in the trust business in Utah in accordance with Chapter 5, Trust Business;
(b)a person other than an escrow agent regulated under this chapter that is exempted from the definition of trust business in Section 7-5-101;
(c)a depository institution chartered by a state or the federal government that is engaged in business as a depository institution in Utah;
(d)the Utah Board of Higher Education, the Utah Higher Education Assistance Authority, or the state treasurer; and
(e)a person licensed under Title 31A, Insurance Code.


Amended by Chapter 112, 2026 General Session

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Frequently Asked Questions About Utah § 7-22-101

What does Utah Code § 7-22-101 cover?

Section 7-22-101 ("Definitions -- Exemptions.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 7-22-101?

A common citation format is "Utah Code § 7-22-101" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 7-22-101 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.