Utah § 70D-3-103 General powers and duties of commissioner.

Utah Statutes

§ 70D-3-103 — General powers and duties of commissioner.

Utah § 70D-3-103

Title 70DFinancial Institution Mortgage Financing Regulation Act

Ch. 70D-3Financial Institution Loan Originator Licensing Act

Part 70D-3-1General Provisions

This text of Utah § 70D-3-103 (General powers and duties of commissioner.) 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. § 70D-3-103 (2026).

Text

Subject to this chapter:

(1)In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commissioner may make rules authorized by this chapter, including:

(1)(a) providing for an interim procedure for:

(1)(a)(i) licensing; and

(1)(a)(ii) acceptance of an application; and

(1)(b) coordination between filings required under this chapter and:

(1)(b)(i) Title 70C, Utah Consumer Credit Code; or

(1)(b)(ii) Chapter 2, Mortgage Lending and Servicing Act.

(2)The commissioner may enter into a relationship or contract with the nationwide database or another entity designated by the nationwide database to do the following related to a licensee or other person subject to this chapter:

(2)(a) collect or maintain a record; and

(2)(b) process a transaction fee or other fee.

(3)The

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Subject to this chapter:
(1) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commissioner may make rules authorized by this chapter, including:

(1)(a) providing for an interim procedure for:
(1)(a)(i) licensing; and
(1)(a)(ii) acceptance of an application; and
(1)(b) coordination between filings required under this chapter and:
(1)(b)(i) Title 70C, Utah Consumer Credit Code; or
(1)(b)(ii) Chapter 2, Mortgage Lending and Servicing Act.
(2) The commissioner may enter into a relationship or contract with the nationwide database or another entity designated by the nationwide database to do the following related to a licensee or other person subject to this chapter:

(2)(a) collect or maintain a record; and
(2)(b) process a transaction fee or other fee.
(3) The commissioner shall regularly report the following to the nationwide database:

(3)(a) a violation of this chapter;
(3)(b) disciplinary action under Section 70D-3-501; and
(3)(c) other information relevant to this chapter.