Utah Admin. Code R592-16-4 - Prohibited Escrow Involving a Land Flip

A title insurance company, an agency title insurance producer, or an individual title insurance producer may not conduct escrow involving a land flip unless:

(1) each real estate transaction stands on its own; and
(2) the funds used in each transaction are separate and distinct from the funds used in a subsequent transaction.

Notes

Utah Admin. Code R592-16-4
Adopted by Utah State Bulletin Number 2015-1, effective 12/8/2014 Amended by Utah State Bulletin Number 2022-01, effective 12/23/2021

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