Utah § 61-2f-504 Use of money.

Utah Statutes

§ 61-2f-504 — Use of money.

Utah § 61-2f-504

Title 61Securities Division - Real Estate Division

Ch. 61-2fReal Estate Licensing and Practices Act

Part 61-2f-5Real Estate Education, Research, and Recovery Fund Act

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Bluebook

Utah Code Ann. § 61-2f-504 (2026).

Text

(1)Money accumulated in the fund in excess of $100,000 shall be set aside and segregated to be used by the division to:

(1)(a) investigate violations of this chapter related to fraud, misrepresentation, or deceit; and

(1)(b) advance education and research in the field of real estate.

(2)The division may use the money described in Subsection (1) only in a manner consistent with Subsection (1), including for a course:

(2)(a) sponsored by the division;

(2)(b) offered by the division in conjunction with any university or college in the state; or

(2)(c) provided for by contracting for a particular research project in the field of real estate for the state.

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(1) Money accumulated in the fund in excess of $100,000 shall be set aside and segregated to be used by the division to:

(1)(a) investigate violations of this chapter related to fraud, misrepresentation, or deceit; and
(1)(b) advance education and research in the field of real estate.
(2) The division may use the money described in Subsection (1) only in a manner consistent with Subsection (1), including for a course:

(2)(a) sponsored by the division;
(2)(b) offered by the division in conjunction with any university or college in the state; or
(2)(c) provided for by contracting for a particular research project in the field of real estate for the state.