This chapter does not apply to: (1) a bona fide nonprofit corporation that grants a first mortgage loan to promote home ownership for low and moderate income borrowers; (2) an agency of the following that grants a first mortgage loan under a specific federal or state law: (a) the federal government; (b) a state, county, or municipal government; or (c) a quasi-governmental agency; (3) a casual lender that makes less than five mortgage loans a year; or (4) a mortgage loan of two years or less. Renumbered and Amended by Chapter 72, 2009 General Session
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