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Utah Code § 4-19-103

This is the official text of Utah Code § 4-19-103, part of Utah’s Code — part of the compiled statutory law of Utah, published by the state as "Code." Browse the sections below, each linked to its official government source.

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§ 4-19-103. Department authorized to approve and make grants and loans, acquire property, and lease or operate property.

Official statutory text

The department, in conjunction with the administration of the rural rehabilitation program, may: (1) approve and make a loan to a farm or agricultural cooperative association regulated under Title 3, Uniform Agricultural Cooperative Association Act, subject to Section 4-19-104, including: (a) taking security for the loan through a mortgage, trust deed, pledge, or other security device; (b) purchasing a promissory note, real estate contract, mortgage, trust deed, or other instrument or evidence of indebtedness; and (c) collecting, compromising, canceling, or adjusting a claim or obligation arising out of the administration of the rural rehabilitation program; (2) purchase or otherwise obtain property in which the department has acquired an interest on account of a mortgage, trust deed, lien, pledge, assignment, judgment, or other means at any execution or foreclosure sale; (3) operate or lease, if necessary to protect its investment, property in which it has an interest, or sell or otherwise dispose of the property; and (4) approve and make an education loan or an education grant to an individual for the purpose of attending a vocational school, college, or university to obtain additional education, qualifications, or skills.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.