UTA LEG Joint Tenancy Presumptions

On Feb. 16, UTA LEG passed bill on joint tenancy presumptions.

  • UTA LEG passed bill HB 37 in regards to joint tenancy presumption amendments.
  • Bill Provisions
  • Amends UTA LEG 57-1-5 regarding the presumption of joint tenancy for ownership.
  • Provides that an ownership interest in real estate granted on or after May 1, 2024, to two or more persons is presumed to be a joint tenancy with rights of survivorship.
  • True unless severed, converted, or expressly declared in the grant to be otherwise.
  • Legislative History
  • On Jan. 10, 2024, bill was introduced in House; on Jan. 16, 2024, bill passed House.
  • On Jan. 16, 2024, bill introduced in Senate; on Feb. 16, 2024 bill passed Senate.
  • Effectiveness
  • Provisions enacted under bill HB 37 take effect on May 1, 2024.
  • Mar. 2024 UTA LEG Bill Approved
  • On Mar. 13, 2024, UTA LEG reported governor approved bill HB 37S01.

Regulators UTA LEG
Entity Types Corp; MG Orig; Servicer
Reference Act, 3/13/2024; Bill, HB0037, 2/16/2024; Citation: UTA LEG 57-1-5;
Functions Compliance; Legal; Registration/Licensing
Countries United States of America
Products Corporate; Mortgage
Regions Am
Rule Type Final
Rule Date 2/16/2024
Effective Date 5/1/2024
Rule Id 201630
Linked to N/A
Reg. Last Update 3/13/2024
Report Section US Consumer

Last substantive update on 03/18/2024