Utah Code Title 61. Securities Division--Real Estate Division § 61-2c-510. Money accumulated--Purpose
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(1) The division may use money accumulated in the fund in excess of the amount necessary to satisfy claims to:
(a) investigate violations of this chapter related to fraud; and
(b) advance education and research in the field of residential mortgage loans.
(2) The division may use the excess money described in Subsection (1) only in a manner consistent with Subsection (1), including for:
(a) courses sponsored by the division;
(b) courses offered by the division in conjunction with a university or college in Utah;
(c) contracting for a research project for the state in the field of residential mortgage loans;
(d) funding the salaries and training expenses of division staff members who are employed in positions related to the education of mortgage licensees;
(e) funding the training expenses of division staff members who are employed in positions conducting investigations of complaints under this chapter; and
(f) publishing and distributing educational materials to:
(i) licensees; and
(ii) applicants for licensure.
Cite this article: FindLaw.com - Utah Code Title 61. Securities Division--Real Estate Division § 61-2c-510. Money accumulated--Purpose - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-61-securities-division-real-estate-division/ut-code-sect-61-2c-510/
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