1. (1) Except as provided in Subsection (3), this chapter applies to a mortgage modification.

2. (2) This chapter does not affect the following law of this state:

   1. (a) law governing the required content of a mortgage;
   2. (b) a statute of limitations or other law governing the expiration or termination of a right to enforce an obligation or a mortgage;
   3. (c) a recording statute;
   4. (d) a statute governing the priority of a tax lien or other governmental lien;
   5. (e) a statute of frauds; or
   6. (f) except as provided in Subsection 70D-4-301(2)(h), law governing the priority of a future advance.

3. (3) This chapter does not apply to:

   1. (a) a release of, or addition to, property encumbered by a mortgage;
   2. (b) a release of, addition of, or other change in an obligor; or
   3. (c) an assignment or other transfer of a mortgage or an obligation.

Enacted by Chapter 482, 2025 General Session