Utah Statutes
§ 61-2c-504 — Authority to act on receipt of petition.
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)Upon receipt of a petition meeting the requirements of Section 61-2c-503, the division may answer, initiate review proceedings, or appear in a proceeding:
(1)(a) in the name of the defendant to the action; or
(1)(b) on behalf of the fund.
(2)The division may settle a claim subject to:
(2)(a) the application of a petitioner; and
(2)(b) court approval.
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Legislative History
Enacted by Chapter 297, 2004 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.