Utah Statutes
§ 13-21-4 — Bond, letter of credit, or certificate of deposit -- Not required of agent if obtained by organization.
(1)If a credit services organization has obtained a bond, letter of credit, or certificate of deposit as set forth in Subsection 13-21-3(1) a salesperson, agent, or representative who sells the services of that organization is not required to post a separate bond, letter of credit, or certificate of deposit.
(2)As used in this section, a person is not a salesperson, agent, or representative of a credit services organization unless:
(2)(a) the person does business under the same name as the credit services organization; or
(2)(b) the credit services organization and the issuer of the bond or letter of credit certify in writing that the bond or letter of credit covers the person.
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Utah § 13-21-4 (Bond, letter of credit, or certificate of deposit -- Not required of agent if obtained by organization.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 302, 2025 General Session
Nearby Sections
15
§ 13-1-15
Exemptions from licensure.§ 13-1-18
License by endorsement.§ 13-1-2
Creation and functions of department -- Divisions created -- Fees -- Commerce Service Account.§ 13-1-3
Executive director.§ 13-1-4
Centralization of duties.§ 13-1-6
Rules and regulations.§ 13-1-7
Budgets.§ 13-1-8
Annual report.§ 13-1-8.5
Procedures -- Adjudicative proceedings.§ 13-10-1
Title of chapter.§ 13-10-2
Purpose of chapter.