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Utah Code Title 61. Securities Division--Real Estate Division § 61-2f-504. Use of money

Current as of May 05, 2022 | Updated by FindLaw Staff

(1) Money accumulated in the fund in excess of $100,000 shall be set aside and segregated to be used by the division to:

(a) investigate violations of this chapter related to fraud, misrepresentation, or deceit; and

(b) advance education and research in the field of real estate.

(2) The division may use the money described in Subsection (1) only in a manner consistent with Subsection (1), including for a course:

(a) sponsored by the division;

(b) offered by the division in conjunction with any university or college in the state; or

(c) provided for by contracting for a particular research project in the field of real estate for the state.

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Cite this article: FindLaw.com - Utah Code Title 61. Securities Division--Real Estate Division § 61-2f-504. Use of money - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-61-securities-division-real-estate-division/ut-code-sect-61-2f-504/

Read this complete Utah Code Title 61. Securities Division--Real Estate Division § 61-2f-504. Use of money on Westlaw. Westlaw subscription required.

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