Negative amortization prohibited.

Utah Code § 61-2d-104, under Chapter 61-2d: Utah High Cost Home Loan Act.

Utah Code § 61-2d-104

61-2d-104. Negative amortization prohibited.

A high cost mortgage shall provide for regular, periodic payments sufficient to pay:

(1) all accrued interest and a portion of principal on the scheduled due date for each payment; and

(2) the full amount owed during the term of the loan, if no late fees or other contingent charges are incurred.