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Utah · Through 2026 General Session

Utah Code § 7-1-201: Creation of department -- Organization.

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Where this section sits in the code
  1. Title 7 Financial Institutions Act
  2. Chapter 7-1 General Provisions
  3. Part 7-1-2 Department of Financial Institutions

(1) There is created the Department of Financial Institutions that is responsible for the execution of the laws of this state relating to a financial institution or other person subject to this title, and relating to the businesses that the financial institution or other person conducts.

(2) The department organization includes:

(a) the commissioner of financial institutions, who shall be the chief executive officer of the department;

(b) the Board of Financial Institutions;

(c) the chief examiner;

(d) the deputy commissioner;

(e) the supervisor of banks;

(f) the supervisor of industrial banks;

(g) the supervisor of credit unions;

(h) the supervisor of money services businesses;

(i) the supervisor of holding companies; and

(j) other supervisors, examiners, and personnel as may be required to carry out the duties, powers, and responsibilities of the department.

(3) A power or duty of the commissioner under this title may be exercised by the deputy commissioner or a supervisor described in Subsection (2) if the commissioner delegates in writing the authority to exercise the power or duty to the deputy commissioner or supervisor.

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

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