Utah legislation · 2026 General Session
Utah HB395: Real Estate Transaction Amendments
Status: Failed, March 6, 2026
This bill enacts the Utah Real Estate Cybercrime Prevention Act.
What the bill says
An act or omission in transacting the business of residential mortgage loans that constitutes dishonesty, fraud, or misrepresentation; (l) engage in false or misleading advertising; (m) (i) fail to account for money received in connection with a residential mortgage loan; (ii) use money for a different purpose from the purpose for which the money is received; or (iii) except as provided in Subsection (5) , retain money paid for services if the services are not performed; (n) fail to provide a prospective borrower a copy of each appraisal and any other written valuation developed in connection.
From the introduced text, January 27, 2026:
an act or omission in transacting the business of residential mortgage loans that constitutes dishonesty, fraud, or misrepresentation; (l) engage in false or misleading advertising; (m) (i) fail to account for money received in connection with a residential mortgage loan; (ii) use money for a different purpose from the purpose for which the money is received; or (iii) except as provided in Subsection (5) , retain money paid for services if the services are not performed; (n) fail to provide a prospective borrower a copy of each appraisal and any other written valuation developed in connection with an application for credit that is to be secured by a first lien on a dwelling in accordance with Subsection (6) ; (o) engage in an act that is performed to: (i) evade this chapter; or (ii) assist another person to evade this chapter; (p) recommend or encourage default, delinquency, or continuation of an existing default or delinquency, by a mortgage applicant on an existing indebtedness before the closing of a residential mortgage loan that will refinance all or part of the indebtedness; (q) in the case of the lending manager of an entity or a branch office of an entity, fail to exercise reasonable supervision over the activities of: (i) unlicensed staff; or (ii) a mortgage loan originator who is affiliated with …