Utah § 61-2c-502 Additional license fee.

Utah Statutes

§ 61-2c-502 — Additional license fee.

Utah § 61-2c-502

Title 61Securities Division - Real Estate Division

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

Part 61-2c-5Residential Mortgage Loan Education, Research, and Recovery Fund

This text of Utah § 61-2c-502 (Additional license fee.) 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-502 (2026).

Text

(1)An individual who applies for or renews a license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee:

(1)(a) determined by the division with the concurrence of the commission; and

(1)(b) not to exceed $18.

(2)(2)(a) An entity that applies for or renews an entity license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee:

(2)(a)(i) determined by the division with the concurrence of the commission; and

(2)(a)(ii) not to exceed $25.

(2)(b) This Subsection (2) applies:

(2)(b)(i) notwithstanding that an entity is operating under an assumed name registered with the division as required by Subsection 61-2c-201(5); and

(2)(b)(ii) to each branch office of an entity that is licensed under this chapter.

(3)Notw

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(1) An individual who applies for or renews a license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee:

(1)(a) determined by the division with the concurrence of the commission; and
(1)(b) not to exceed $18.
(2) (2)(a) An entity that applies for or renews an entity license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee:
(2)(a)(i) determined by the division with the concurrence of the commission; and
(2)(a)(ii) not to exceed $25.
(2)(b) This Subsection (2) applies:
(2)(b)(i) notwithstanding that an entity is operating under an assumed name registered with the division as required by Subsection 61-2c-201(5); and
(2)(b)(ii) to each branch office of an entity that is licensed under this chapter.
(3) Notwithstanding Section 13-1-2, the following shall be paid into the fund to be used as provided in this part:

(3)(a) a fee provided in this section;
(3)(b) a fee for certifying:
(3)(b)(i) a school as a certified education provider;
(3)(b)(ii) a prelicensing or continuing education course; or
(3)(b)(iii) a prelicensing or continuing education provider as an instructor; and
(3)(c) a civil penalty imposed under this chapter.
(4) If the balance in the fund that is available to satisfy a judgment against a licensee decreases to less than $100,000, the division may make an additional assessment to a licensee to maintain the balance available at $100,000 to satisfy judgments.