Utah § 7-25-205 Issuance of license.

Utah Statutes

§ 7-25-205 — Issuance of license.

Utah·Title 7 Financial Institutions Act·Ch. 7-25 Money Transmitter Act·Part 7-25-2 Licensing

(1)Upon the filing of a complete application, the commissioner shall investigate the financial condition and responsibility, financial and business experience, character, and general fitness of the applicant. The commissioner may conduct an on-site investigation of the applicant, the reasonable cost of which is to be borne by the applicant in accordance with Subsection 7-1-401(6).

(2)The commissioner shall issue a license to the applicant authorizing the applicant to engage in the licensed activities in this state if the commissioner finds that:

(2)(a) the applicant's business will be conducted honestly, fairly, and in a manner commanding the confidence and trust of the community;

(2)(b) the applicant has fulfilled the requirements imposed by this chapter; and

(2)(c) the applicant has

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(1) Upon the filing of a complete application, the commissioner shall investigate the financial condition and responsibility, financial and business experience, character, and general fitness of the applicant. The commissioner may conduct an on-site investigation of the applicant, the reasonable cost of which is to be borne by the applicant in accordance with Subsection 7-1-401(6).
(2) The commissioner shall issue a license to the applicant authorizing the applicant to engage in the licensed activities in this state if the commissioner finds that:

(2)(a) the applicant's business will be conducted honestly, fairly, and in a manner commanding the confidence and trust of the community;
(2)(b) the applicant has fulfilled the requirements imposed by this chapter; and
(2)(c) the applicant has paid the required original license fee under Section 7-1-401.

Utah § 7-25-205 (Issuance of license.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.