GroundRules
Utah Code § 61-2c-504: Authority to act on receipt of petition.
Where this section sits in the code
- Title 61 Securities Division - Real Estate Division
- Chapter 61-2c Utah Residential Mortgage Practices and Licensing Act
- Part 61-2c-5 Residential Mortgage Loan Education, Research, and Recovery Fund
(1) Upon receipt of a petition meeting the requirements of Section 61-2c-503, the division may answer, initiate review proceedings, or appear in a proceeding:
(a) in the name of the defendant to the action; or
(b) on behalf of the fund.
(2) The division may settle a claim subject to:
(a) the application of a petitioner; and
(b) court approval.
Collected 2026-09-03T11:34:33Z. Source file · JSON