Yes! On the first line of the task’s note, type the words “loc reminder” to instruct Ultimate To-Do List to set a location reminder when the task is downloaded to your device. To set a nagging location reminder type “loc nag”.
You can combine location reminders and time-based nagging reminders by entering “nag” on the first line of the task’s note and “loc reminder” or “loc nag” on the second line.
Note that this does not work with Google Tasks, because Google Tasks does not support locations or reminders.