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Utah Code Title 70D. Financial Institution Mortgage Financing Regulation Act § 70D-3-302. Examination

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

(1) Before an individual may be licensed under this chapter, the individual shall pass a written examination that:

(a) meets the requirements of 12 U.S.C. Sec. 5104(d);

(b) is developed by the nationwide database; and

(c) is administered by an approved examination provider.

(2) The commissioner shall make rules made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, that:

(a) require that an individual comply at a minimum with the standards of 12 U.S.C. Sec. 5104(d); and

(b) address:

(i) what constitutes passing a written examination;

(ii) the ability of an individual to retake a written examination if the individual fails the written examination; and

(iii) when an individual is required to retake a written examination if an individual fails to maintain a valid license under this chapter after taking the written examination.

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Cite this article: FindLaw.com - Utah Code Title 70D. Financial Institution Mortgage Financing Regulation Act § 70D-3-302. Examination - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-70d-financial-institution-mortgage-financing-regulation-act/ut-code-sect-70d-3-302/

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