- (1) This rule is issued pursuant to Sections 7-1-301, 7-3-18, 7-8-13, and 7-9-5.
- (2) This rule applies to all depository institutions chartered by the State of Utah.
- (3) The purpose of this rule is to protect the safety and soundness of state-chartered depository institutions by prescribing requirements and restrictions for the prudent management of real estate held for purposes other than conducting the depository institution's business.
KEY: financial institutions, real estate, real estate investing
Date of Last Change: February 1, 2011
Notice of Continuation: January 6, 2026
Authorizing, and Implemented or Interpreted Law: 7-1-301; 7-3-18; 7-8-13; 7-9-5