Friday, February 19, 2016

Utah Real Estate Acts, and their importance

There are a few acts relevant in Utah:

The Uniform Land Sales Practices Act
  Requires all Developers to register their projects with the Division of Real Estate.

The Timeshare and Camp Resort Act
  Requires all Timeshare developers/sales to disclose important facts and data about their projects, including Contact Information, Criminal Background Information, Project information and maximum number of interests available.

The Utah Marketable Record Title Act and Homestead Act
  Allows defects on title more than 40 years to be disregarded for marketable title.  And the Homestead Act protects the homeowner in the case of bankruptcy.

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