Banks and Mortgage Lenders

  • You are in a position to take an active role in encouraging retrofitting or replacement of URMs in Utah.
  • Helping owners retrofit or replace before the earthquake happens should lower your financial risk—and save lives!
  • We encourage you to provide low-interest loans and other financial incentives to help owners retrofit or replace URMs.
  • We encourage you to consider offering incentives that encourage buyers to purchase non-URM buildings—such as lower interest rates.
  • Acting now will save you money later—you are the institutions that are going to be stuck with thousands of bankruptcies and foreclosures when owners have no way to pay off mortgages on piles of rubble.

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