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Utah · Through 2026 General Session

Utah Code § 70D-3-203: Initial licensure procedure.

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Where this section sits in the code
  1. Title 70D Financial Institution Mortgage Financing Regulation Act
  2. Chapter 70D-3 Financial Institution Loan Originator Licensing Act
  3. Part 70D-3-2 Licensing Requirements and Procedures

(1) To apply for licensure under this chapter an individual shall:

(a) file an application with the commissioner in a form prescribed by the commissioner in rule;

(b) demonstrate that the individual provided the information to the nationwide database required by 12 U.S.C. Sec. 5104;

(c) provide the commissioner the individual's unique identifier;

(d) consent to the commissioner receiving information obtained by the nationwide database under 12 U.S.C. Sec. 5104, including the results of a criminal history background check; and

(e) notwithstanding the requirements applicable to a regulatory fee under Section 63J-1-504, pay a fee of $200.

(2) The commissioner shall grant an individual a license if the commissioner finds that the individual complies with:

(a) Subsection (1); and

(b) the qualifications for a license under Section 70D-3-202.

(3) Subject to this chapter, the commissioner may make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, concerning:

(a) the form of an application under this chapter;

(b) the content of an application under this chapter; and

(c) the procedures for filing an application under this chapter.

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

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