Utah Statutes
§ 61-2c-501 — Fund created.
Utah·Title 61 Securities Division - Real Estate Division·Ch. 61-2c Utah Residential Mortgage Practices and Licensing Act·Part 61-2c-5 Residential Mortgage Loan Education, Research, and Recovery Fund
(1)There is created an expendable special revenue fund known as the "Residential Mortgage Loan Education, Research, and Recovery Fund."
(2)The interest earned on the fund shall be deposited into the fund.
(3)At the beginning of each fiscal year, the division shall make available
$100,000 in the fund to satisfy final judgments rendered against a person licensed under this chapter.
Free access — add to your briefcase to read the full text and ask questions with AI
Utah § 61-2c-501 (Fund created.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Chapter 400, 2013 General Session
Nearby Sections
15
§ 61-1-1
Fraud unlawful.§ 61-1-10
Registration by qualification.§ 61-1-101
Title.§ 61-1-102
Definitions.§ 61-1-103
Procedure for disclosure.§ 61-1-105
Remedies for employee bringing action.§ 61-1-106
Award for reporter.§ 61-1-13
Definitions.§ 61-1-14
Exemptions.