Utah Code § 61-2f-507: Division authority to act upon receipt of petition.
Where this section sits in the code
- Title 61 Securities Division - Real Estate Division
- Chapter 61-2f Real Estate Licensing and Practices Act
- Part 61-2f-5 Real Estate Education, Research, and Recovery Fund Act
(1) When the division is served a petition under Section 61-2f-506, the division may:
(a) file an answer to the petition in the court;
(b) initiate a review proceeding conducted by the division; or
(c) appear in any proceeding in the name of the defendant to the action or on behalf of the fund.
(2) The division may settle a claim against the fund if:
(a) the person who brings the claim requests a settlement; and
(b) the court in which the petition is filed approves the settlement.
Collected 2026-09-03T11:34:33Z. Source file · JSON