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Utah Code Title 61. Securities Division--Real Estate Division § 61-2f-301. Reporting requirements

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) A licensee shall notify the division of the following by sending the division a signed statement within 10 business days after the day on which:

(a) a personal or brokerage bankruptcy is filed, if the licensee is a principal broker;

(b) a license or registration of the licensee that is necessary to engage in an occupation or profession is suspended, revoked, surrendered, canceled, or denied, regardless of whether the license or registration is issued by this state or another jurisdiction; or

(c) a cease and desist order or a temporary or permanent injunction is issued:

(i) against the licensee by a court or administrative agency; and

(ii) on the basis of:

(A) conduct or a practice involving the business of real estate; or

(B) conduct involving fraud, misrepresentation, or deceit.

(2) The commission, with the concurrence of the director, shall enforce the reporting requirement under this section pursuant to Section 61-2f-404.

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Cite this article: FindLaw.com - Utah Code Title 61. Securities Division--Real Estate Division § 61-2f-301. Reporting requirements - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-61-securities-division-real-estate-division/ut-code-sect-61-2f-301/

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