Utah Statutes
§ 61-2f-504 — Use of money.
Utah·Title 61 Securities Division - Real Estate Division·Ch. 61-2f Real Estate Licensing and Practices Act·Part 61-2f-5 Real Estate Education, Research, and Recovery Fund Act
(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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Legislative History
Renumbered and Amended by Chapter 379, 2010 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.