Utah § 61-2g-405 Recordkeeping requirements.

Utah Statutes

§ 61-2g-405 — Recordkeeping requirements.

Utah § 61-2g-405

Title 61Securities Division - Real Estate Division

Ch. 61-2gReal Estate Appraiser Licensing and Certification Act

Part 61-2g-4Operational Restrictions

This text of Utah § 61-2g-405 (Recordkeeping requirements.) 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. § 61-2g-405 (2026).

Text

(1)Subject to Subsection (2), a person licensed or certified under this chapter shall retain for a period of five years the original or a true copy of:

(1)(a) each written contract engaging the person's services for real estate or real property appraisal work;

(1)(b) each appraisal report prepared or signed by the person; and

(1)(c) the supporting data assembled and formulated by the appraiser in preparing each appraisal report.

(2)The five-year period for retention of records is applicable to each engagement of the services of the appraiser and begins upon the date of the delivery of each appraisal report to the client unless, within the five-year period, the appraiser is notified that the appraisal or the appraisal report is involved in litigation, in which event the records must be m

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(1) Subject to Subsection (2), a person licensed or certified under this chapter shall retain for a period of five years the original or a true copy of:

(1)(a) each written contract engaging the person's services for real estate or real property appraisal work;
(1)(b) each appraisal report prepared or signed by the person; and
(1)(c) the supporting data assembled and formulated by the appraiser in preparing each appraisal report.
(2) The five-year period for retention of records is applicable to each engagement of the services of the appraiser and begins upon the date of the delivery of each appraisal report to the client unless, within the five-year period, the appraiser is notified that the appraisal or the appraisal report is involved in litigation, in which event the records must be maintained for the longer of:

(2)(a) five years; or
(2)(b) two years following the date of the final disposition of the litigation.
(3) Upon reasonable notice, a person licensed or certified under this chapter shall make the records required to be maintained under this chapter available to the division for inspection and copying.