Who is required to attend the closing of a mortgage loan according to Utah law?

Under Utah law, it is stated that no mortgage licensee is strictly required to attend the closing of a mortgage loan. This means that the presence of mortgage licensees, such as loan officers or other professionals, is not mandated by law during the closing process. Closing can be conducted by other qualified parties, such as an attorney or a title company representative.

This approach allows for flexibility in the mortgage closing process, as it does not impose a legal obligation for a mortgage licensee to be present, acknowledging that various professionals can facilitate the closing. This could be advantageous for borrowers and lenders as it can streamline the process and reduce the number of participants needed at the closing table.

While the presence of the borrower is typically essential for signing the necessary documents, the law does not require that any specific mortgage licensee be in attendance, which underscores the focus on the borrower's necessity in completing the transaction.