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Utah Code Title 7. Financial Institutions Act § 7-25-205. Issuance of license

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

(1) Upon the filing of a complete application, the commissioner shall investigate the financial condition and responsibility, financial and business experience, character, and general fitness of the applicant. The commissioner may conduct an on-site investigation of the applicant, the reasonable cost of which is to be borne by the applicant in accordance with Subsection 7-1-401(6).

(2) The commissioner shall issue a license to the applicant authorizing the applicant to engage in the licensed activities in this state if the commissioner finds that:

(a) the applicant's business will be conducted honestly, fairly, and in a manner commanding the confidence and trust of the community;

(b) the applicant has fulfilled the requirements imposed by this chapter; and

(c) the applicant has paid the required original license fee under Section 7-1-401.

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Cite this article: FindLaw.com - Utah Code Title 7. Financial Institutions Act § 7-25-205. Issuance of license - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-7-financial-institutions-act/ut-code-sect-7-25-205/

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