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House approves Uniform Assignment of Rents Act changes
Utah House of Representatives · March 5, 2009
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Summary
The Utah House passed Senate Bill 54 to standardize notices and receiver procedures for lenders taking assignments of rents as security on rental property, aligning state rules with a national uniform law. The bill passed on third reading with no recorded opposition.
The Utah House of Representatives approved Senate Bill 54 on third reading on March 4, 2009, a measure the sponsor said standardizes how lenders take and notice assignments of rents when financing rental property. Representative King, identified in the record as the House sponsor, told colleagues the bill…
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