Utah § 7-25-205 Issuance of license.

Utah Statutes

§ 7-25-205 — Issuance of license.

Utah § 7-25-205

Title 7Financial Institutions Act

Ch. 7-25Money Transmitter Act

Part 7-25-2Licensing

This text of Utah § 7-25-205 (Issuance of 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. § 7-25-205 (2026).

Text

(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.