Utah § 57-28-302 - Treatment of loan proceeds -- Effect on assistance eligibility.
Full text of Utah Utah Code § 57-28-302 — Treatment of loan proceeds -- Effect on assistance eligibility., with citation guidance and answers to common questions.
§ 57-28-302. Treatment of loan proceeds -- Effect on assistance eligibility.
57-28-302. Treatment of loan proceeds -- Effect on assistance eligibility.
For purposes of determining a borrower's eligibility and benefits for a means-tested program of aid to individuals:
| (1) | a reverse mortgage loan payment made to a borrower shall be treated as proceeds from a loan and not as income; and |
| (2) | undisbursed funds under a reverse mortgage shall be treated as equity in the borrower's home and not as proceeds from a loan. |
Enacted by Chapter 290, 2015 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 57-28-302
What does Utah Code § 57-28-302 cover?
Section 57-28-302 ("Treatment of loan proceeds -- Effect on assistance eligibility.") 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 § 57-28-302?
A common citation format is "Utah Code § 57-28-302" (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 § 57-28-302 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.