Escrow & Title
A payoff statement in a Utah mortgage transaction includes:
AOnly the outstanding principal balance
BThe amount needed to fully satisfy the loan as of a specific payoff date, including principal, accrued interest, and applicable fees✓ Correct
CA summary of all past payments made
DThe original loan terms
Explanation
A payoff statement provides the exact amount required to pay off a loan in full as of a specific date—including remaining principal, accrued interest to the payoff date, prepayment penalties if any, and recording fees for the reconveyance.
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