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

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.

Legislative History

Enacted by Chapter 72, 2009 General Session