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Utah · Through 2026 General Session

Utah Code § 61-2c-502: Additional license fee.

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Where this section sits in the code
  1. Title 61 Securities Division - Real Estate Division
  2. Chapter 61-2c Utah Residential Mortgage Practices and Licensing Act
  3. Part 61-2c-5 Residential Mortgage Loan Education, Research, and Recovery Fund

(1) An individual who applies for or renews a license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee:

(a) determined by the division with the concurrence of the commission; and

(b) not to exceed $18.

(2)

(a) An entity that applies for or renews an entity license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee:

(i) determined by the division with the concurrence of the commission; and

(ii) not to exceed $25.

(b) This Subsection (2) applies:

(i) notwithstanding that an entity is operating under an assumed name registered with the division as required by Subsection 61-2c-201(5); and

(ii) to each branch office of an entity that is licensed under this chapter.

(3) Notwithstanding Section 13-1-2, the following shall be paid into the fund to be used as provided in this part:

(a) a fee provided in this section;

(b) a fee for certifying:

(i) a school as a certified education provider;

(ii) a prelicensing or continuing education course; or

(iii) a prelicensing or continuing education provider as an instructor; and

(c) a civil penalty imposed under this chapter.

(4) If the balance in the fund that is available to satisfy a judgment against a licensee decreases to less than $100,000, the division may make an additional assessment to a licensee to maintain the balance available at $100,000 to satisfy judgments.

Collected 2026-09-03T11:34:33Z. Source file · JSON

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