Utah § 57-28-204 - Independent counseling.

Full text of Utah Utah Code § 57-28-204 — Independent counseling., with citation guidance and answers to common questions.

§ 57-28-204. Independent counseling.

Effective 5/3/2023
57-28-204.  Independent counseling.
(1) As used in this section:
(a) "Federally insured loan borrower" means a borrower described in Subsection 57-28-202(1)(a).
(b) "Non-federally insured loan borrower" means a borrower described in Subsection 57-28-202(1)(b).
(2) A prospective borrower shall meet with an independent housing counselor:
(a) for a federally-insured loan borrower, before the Federal Housing Administration assigns a case number to the borrower's loan; and
(b) for a non-federally insured loan borrower, before the prospective borrower signs a reverse mortgage application.
(3) During the meeting described in Subsection (2):
(a) the prospective borrower and the independent housing counselor shall discuss the financial impacts of a reverse mortgage, including:
(i) options other than a reverse mortgage that are or may become available to the prospective borrower;
(ii) other home equity conversion options that are or may become available to the prospective borrower, including sale-leaseback financing, a deferred payment loan, and a property tax deferral; and
(iii) the financial implications, specific to the prospective borrower, of entering into a reverse mortgage; and
(b) the independent housing counselor shall give the prospective borrower a written disclosure that states that a reverse mortgage may:
(i) have tax consequences;
(ii) affect the prospective borrower's eligibility for assistance under certain state and federal programs; and
(iii) impact the prospective borrower's estate and heirs.


Amended by Chapter 385, 2023 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 57-28-204

What does Utah Code § 57-28-204 cover?

Section 57-28-204 ("Independent counseling.") 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 § 57-28-204?

A common citation format is "Utah Code § 57-28-204" (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 § 57-28-204 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.