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Current as of May 05, 2022 | Updated by FindLaw Staff
For purposes of this part:
(1) “Civil judgment” means a judgment in a civil action that:
(a) is awarded in an action brought against a real estate licensee on the basis of fraud, misrepresentation, or deceit in a real estate transaction; and
(b) awards actual damages.
(2) “Criminal restitution judgment” means a judgment that, in accordance with the Utah Code of Criminal Procedure, orders criminal restitution to a person and against a real estate licensee for a criminal offense involving fraud, misrepresentation, or deceit in a real estate transaction.
(3) “Final judgment” means one of the following judgments upon termination of the proceedings related to the judgment, including appeals:
(a) a civil judgment; or
(b) a criminal restitution judgment.
(4) “Fund” means the Real Estate Education, Research, and Recovery Fund created in Section 61-2f-503.
Cite this article: FindLaw.com - Utah Code Title 61. Securities Division--Real Estate Division § 61-2f-502. Definitions - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-61-securities-division-real-estate-division/ut-code-sect-61-2f-502/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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