Utah § 61-2c-203 General qualifications for licensure.

Utah Statutes

§ 61-2c-203 — General qualifications for licensure.

Utah § 61-2c-203

Title 61Securities Division - Real Estate Division

Ch. 61-2cUtah Residential Mortgage Practices and Licensing Act

Part 61-2c-2Licensure

This text of Utah § 61-2c-203 (General qualifications for licensure.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 61-2c-203 (2026).

Text

(1)To qualify for licensure under this chapter, a person shall demonstrate through procedures established by rule made by the division in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act:

(1)(a) financial responsibility;

(1)(b) honesty, integrity, and truthfulness; and

(1)(c) the competence to transact the business of residential mortgage loans, including general fitness such as to command the confidence of the community and to warrant a determination that the person will operate honestly, fairly, and efficiently within the purposes of this chapter.

(2)If an applicant is an entity, the applicant may not have a control person who fails to meet the requirements of Subsection (1) for an individual applicant.

(3)(3)(a) The division shall determine whether an applica

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(1) To qualify for licensure under this chapter, a person shall demonstrate through procedures established by rule made by the division in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act:

(1)(a) financial responsibility;
(1)(b) honesty, integrity, and truthfulness; and
(1)(c) the competence to transact the business of residential mortgage loans, including general fitness such as to command the confidence of the community and to warrant a determination that the person will operate honestly, fairly, and efficiently within the purposes of this chapter.
(2) If an applicant is an entity, the applicant may not have a control person who fails to meet the requirements of Subsection (1) for an individual applicant.
(3) (3)(a) The division shall determine whether an applicant with a criminal history qualifies for licensure.
(3)(b) If the division, acting under Subsection (3)(a), denies or restricts a license or places a license on probation, the applicant may petition the commission for de novo review of the application.