UTA LEG Fraudulent Deeds Act

On Mar. 1, UTA LEG passed bill on fraudulent deed amendments.

  • UTA LEG passed bill SB 151 on liability for recording, and nullifying, a fraudulent deed.
  • Creates Fraudulent deeds act under new Ch. 31, Title 57 of Utah Code, UTA LEG 57-31
  • Provisions
  • Creates civil liability for individual who records a fraudulent deed for the greater of $10,000 or actual damages, and in either case, reasonable attorney's fees.
  • Creates process for nullifying a fraudulent deed and how court should treat petition.
  • Limits court's review of a fraudulent deed to determining whether it is fraudulent.
  • Mandates court-ordered consequences for recording a fraudulent deed in Utah.
  • Prohibits court from expediting any proceeding claiming damages from such deed.
  • Defined deed, fraudulent deed, purported grantor, and record interest holder.
  • Legislative History
  • On Jan. 26, 2024, bill introduced in Senate; on Feb. 9, 2024, bill passed Senate.
  • On Feb. 12, 2024, bill introduced in House; on Mar. 1, 2024, bill passed House.
  • Effectiveness
  • Upon becoming law, bill SB 141 is effective as of May 1, 2024.
  • Mar. 13, 2024 UTA LEG Governor Approval
  • On Mar. 13, 2024, UTA LEG Governor approved bill SB 151, effective May 1, 2024.

Regulators UTA LEG
Entity Types Bank; CNSM; Corp
Reference Bill, 3/13/2024; Bill, SB0151S03, 3/1/2024; Citation: UTA LEG 57;
Functions Compliance; Fraud; Legal
Countries United States of America
Products Banking
Regions Am
Rule Type Final
Rule Date 3/1/2024
Effective Date 5/1/2024
Rule Id 203029
Linked to N/A
Reg. Last Update 3/13/2024
Report Section US Consumer

Last substantive update on 03/20/2024