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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) To apply for licensure under this chapter an individual shall:
(a) file an application with the commissioner in a form prescribed by the commissioner in rule;
(b) demonstrate that the individual provided the information to the nationwide database required by 12 U.S.C. Sec. 5104;
(c) provide the commissioner the individual's unique identifier;
(d) consent to the commissioner receiving information obtained by the nationwide database under 12 U.S.C. Sec. 5104, including the results of a criminal history background check; and
(e) notwithstanding the requirements applicable to a regulatory fee under Section 63J-1-504, pay a fee of $200.
(2) The commissioner shall grant an individual a license if the commissioner finds that the individual complies with:
(a) Subsection (1); and
(b) the qualifications for a license under Section 70D-3-202.
(3) Subject to this chapter, the commissioner may make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, concerning:
(a) the form of an application under this chapter;
(b) the content of an application under this chapter; and
(c) the procedures for filing an application under this chapter.
Cite this article: FindLaw.com - Utah Code Title 70D. Financial Institution Mortgage Financing Regulation Act § 70D-3-203. Initial licensure procedure - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-70d-financial-institution-mortgage-financing-regulation-act/ut-code-sect-70d-3-203/
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 before relying on it for your legal needs.
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