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Committee advances multiple bills on mortgages, gig work, earned‑wage access and data portability
Summary
The Senate Business and Labor Standing Committee on Feb. 28 gave favorable recommendations to several bills, including a uniform mortgage modification law, marketplace contractor presumptions for childcare platforms, a framework for earned wage access providers and a data‑portability measure for social platforms.
The Utah Senate Business and Labor Standing Committee on Feb. 28 favorably recommended several bills affecting mortgages, gig‑work classification, financial technology and data portability.
The committee approved a mix of technical changes and policy frameworks intended to reduce legal uncertainty for borrowers and platform providers, create a regulatory definition for earned‑wage access providers, and require social platforms to give users greater control over their data. Most motions passed unanimously or by voice vote.
House Bill 440, the Uniform Mortgage Modification Act, was presented as a uniform law that lists “safe harbor” mortgage changes that do not materially prejudice junior lienholders and allows parties to modify loans without formal refinancing in specified cases. The committee placed the motion to favorably recommend the bill; the…
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