Contracts
The Utah Residential Purchase Contract's 'settlement' section typically requires closing to occur within:
A7 days of mutual acceptance
BThe date specified in the contract, which parties negotiate✓ Correct
C30 days by law regardless of contract terms
D45 days for conventional loans, 60 days for FHA
Explanation
The settlement/closing date in Utah's Residential Purchase Contract is negotiated between buyer and seller and specified in the contract. There is no statutory default closing period—parties specify their agreed date.
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