Utah § 57-19-16 Denial, revocation, or suspension of registration of salesperson -- Fine.

Utah Statutes

§ 57-19-16 — Denial, revocation, or suspension of registration of salesperson -- Fine.

Utah·Title 57 Real Estate·Ch. 57-19 Timeshare and Camp Resort Act

(1)Subject to Section 57-19-17, if the division finds that an applicant or salesperson has engaged in an act described in Subsection (2), the division may:

(1)(a) deny an application for registration as a salesperson;

(1)(b) suspend or revoke an existing registration; or

(1)(c) impose a civil penalty not to exceed $5,000.

(2)Subsection (1) applies if the division finds that the applicant or salesperson:

(2)(a) files, or causes to be filed, with the division a document that contains untrue or misleading information;

(2)(b) makes an untrue or misleading statement of material fact;

(2)(c) fails to state a material fact that is necessary in order to make the statements made not misleading in light of the circumstances under which the statements are made;

(2)(d) employs a device, scheme, or

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(1) Subject to Section 57-19-17, if the division finds that an applicant or salesperson has engaged in an act described in Subsection (2), the division may:

(1)(a) deny an application for registration as a salesperson;
(1)(b) suspend or revoke an existing registration; or
(1)(c) impose a civil penalty not to exceed $5,000.
(2) Subsection (1) applies if the division finds that the applicant or salesperson:

(2)(a) files, or causes to be filed, with the division a document that contains untrue or misleading information;
(2)(b) makes an untrue or misleading statement of material fact;
(2)(c) fails to state a material fact that is necessary in order to make the statements made not misleading in light of the circumstances under which the statements are made;
(2)(d) employs a device, scheme, or artifice to defraud, or engages in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person;
(2)(e) subsequent to the effective date of registration as a salesperson, is:
(2)(e)(i) convicted of:

(2)(e)(i)(A) a felony; or
(2)(e)(i)(B) a misdemeanor involving theft, fraud, or dishonesty; or
(2)(e)(ii) enjoined from, assessed a civil penalty for, or found to have engaged in a violation of any law designed to protect consumers;
(2)(f) violates this chapter;
(2)(g) engages in an activity that constitutes dishonest dealing; or
(2)(h) engages in unprofessional conduct as defined by statute or rule made by the director.

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