GroundRules
Utah Code § 13-21-104: Surety bond or certificate of deposit -- Not required of agent if obtained by organization.
Where this section sits in the code
- Title 13 Commerce and Trade
- Chapter 13-21 Credit Services Organizations Act
- Part 13-21-1 General Provisions
(1) If a credit services organization obtains a surety bond or certificate of deposit as described in Subsection 13-21-102(1), a salesperson, agent, or representative who sells the services of that organization is not required to post a separate surety bond or certificate of deposit.
(2) For purposes of this section, a person is a salesperson, agent, or representative of a credit services organization if:
(a) the person does business under the same name as the credit services organization; or
(b) the credit services organization and the issuer of the surety bond or certificate of deposit certify in writing that the surety bond or certificate of deposit covers the person.
Collected 2026-09-03T11:34:33Z. Source file · JSON