Which of the following loans would not be regulated by either the Utah Division of Real Estate or the Utah Department of Finance?

Commercial loans would not be regulated by either the Utah Division of Real Estate or the Utah Department of Finance because they typically involve business transactions that fall outside the scope of regulations that govern personal lending and consumer protection laws.

In contrast, home mortgages, home equity lines of credit, and personal loans are all designed for individual consumers and are thus subject to various consumer protection regulations and oversight to ensure fair lending practices. Commercial loans, on the other hand, are considered to be riskier transactions and are negotiated between businesses and lenders without the same level of regulatory oversight aimed at protecting individual consumers. This regulatory distinction is important for understanding how different types of loans are governed in Utah.