Utah § 61-2f-510 Division subrogated to claimant -- Authority to revoke license.

Utah Statutes

§ 61-2f-510 — Division subrogated to claimant -- Authority to revoke license.

Utah § 61-2f-510

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-510 (Division subrogated to claimant -- Authority to revoke license.) 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-510 (2026).

Text

(1)(1)(a) If the division pays a claim against the fund in accordance with this chapter, the division is subrogated to the rights of the person who is paid the claim for the amounts paid out of the fund.

(1)(b) The division shall deposit in the fund any amount and interest recovered by the division under this part.

(2)(2)(a) The license of a real estate licensee for whom payment from the fund is made under this chapter shall be automatically revoked.

(2)(b) A person whose real estate license is revoked under Subsection (2)(a) may not apply for a new license under this chapter until the person pays in full:

(2)(b)(i) the amount paid by the fund for a claim that is based on a final judgment against the person; and

(2)(b)(ii) interest at a rate determined by the division with the concurrenc

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(1) (1)(a) If the division pays a claim against the fund in accordance with this chapter, the division is subrogated to the rights of the person who is paid the claim for the amounts paid out of the fund.
(1)(b) The division shall deposit in the fund any amount and interest recovered by the division under this part.
(2) (2)(a) The license of a real estate licensee for whom payment from the fund is made under this chapter shall be automatically revoked.
(2)(b) A person whose real estate license is revoked under Subsection (2)(a) may not apply for a new license under this chapter until the person pays in full:
(2)(b)(i) the amount paid by the fund for a claim that is based on a final judgment against the person; and
(2)(b)(ii) interest at a rate determined by the division with the concurrence of the commission.