Utah Code 70D-2-103. Exemptions

This chapter does not apply to:

(1) a bona fide nonprofit corporation that grants a first mortgage loan to promote home ownership for low and moderate income borrowers;

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Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Lender: includes a mortgage lender. See Utah Code 70D-2-102
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgage: means a mortgage or deed of trust affecting real property located in this state. See Utah Code 70D-1-102
Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}
Mortgage loan: means a loan:
(6)(a)(i) secured by a mortgage; and
(6)(a)(ii) made for personal, family, or household purposes. See Utah Code 70D-1-102
State: means :
     (10)(a) a state, territory, or possession of the United States;
     (10)(b) the District of Columbia; or
     (10)(c) the Commonwealth of Puerto Rico. See Utah Code 70D-1-102

(2) an agency of the following that grants a first mortgage loan under a specific federal or state law:

(2)(a) the federal government;

(2)(b) a state, county, or municipal government; or

(2)(c) a quasi-governmental agency;

(3) a casual lender that makes less than five mortgage loans a year; or

(4) a mortgage loan of two years or less.