§ 38-1a-602. Notice concerning construction loan default.

Latest version.

(1)	Within five business days after a notice of default is filed for recording under Section 57-1-24 with respect to a trust deed on the project property securing a construction loan, the construction lender under the loan shall file a notice with the registry.

(2)

A notice under Subsection (1) shall:

(a)

include:

(i)	the information required to be included in a notice of construction loan under Subsection 38-1a-601(2); and

(ii)	the entry number of the notice of construction loan;

(b)	state that a notice of default with respect to the construction loan has been recorded; and

(c)	state the date that the notice of default was recorded.

Renumbered and Amended by Chapter 278, 2012 General Session

                    
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