Utah § 61-2f-507 Division authority to act upon receipt of petition.

Utah Statutes

§ 61-2f-507 — Division authority to act upon receipt of petition.

Utah § 61-2f-507

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

This text of Utah § 61-2f-507 (Division authority to act upon receipt of petition.) 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. § 61-2f-507 (2026).

Text

(1)When the division is served a petition under Section 61-2f-506, the division may:

(1)(a) file an answer to the petition in the court;

(1)(b) initiate a review proceeding conducted by the division; or

(1)(c) appear in any proceeding in the name of the defendant to the action or on behalf of the fund.

(2)The division may settle a claim against the fund if:

(2)(a) the person who brings the claim requests a settlement; and

(2)(b) the court in which the petition is filed approves the settlement.

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(1) When the division is served a petition under Section 61-2f-506, the division may:

(1)(a) file an answer to the petition in the court;
(1)(b) initiate a review proceeding conducted by the division; or
(1)(c) appear in any proceeding in the name of the defendant to the action or on behalf of the fund.
(2) The division may settle a claim against the fund if:

(2)(a) the person who brings the claim requests a settlement; and
(2)(b) the court in which the petition is filed approves the settlement.