1. (1) have a term of 15 years; and
2. (2) charge interest at a fixed rate.

Unless otherwise mutually agreed upon by the lender and borrower, the low-income ADU loan must:

KEY: Single family housing modifications, accessory dwelling units

Date of Last Change: February 22, 2022

Authorizing, and Implemented or Interpreted Law: 35A-8-504.5