Utah § 70D-3-203 Initial licensure procedure.

Utah Statutes

§ 70D-3-203 — Initial licensure procedure.

Utah § 70D-3-203

Title 70DFinancial Institution Mortgage Financing Regulation Act

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

Part 70D-3-2Licensing Requirements and Procedures

This text of Utah § 70D-3-203 (Initial licensure procedure.) 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-3-203 (2026).

Text

(1)To apply for licensure under this chapter an individual shall:

(1)(a) file an application with the commissioner in a form prescribed by the commissioner in rule;

(1)(b) demonstrate that the individual provided the information to the nationwide database required by 12 U.S.C. Sec. 5104;

(1)(c) provide the commissioner the individual's unique identifier;

(1)(d) consent to the commissioner receiving information obtained by the nationwide database under 12 U.S.C. Sec. 5104, including the results of a criminal history background check; and

(1)(e) notwithstanding the requirements applicable to a regulatory fee under Section 63J-1-504, pay a fee of $200.

(2)The commissioner shall grant an individual a license if the commissioner finds that the individual complies with:

(2)(a) Subsection (1)

Free access — add to your briefcase to read the full text and ask questions with AI

(1) To apply for licensure under this chapter an individual shall:

(1)(a) file an application with the commissioner in a form prescribed by the commissioner in rule;
(1)(b) demonstrate that the individual provided the information to the nationwide database required by 12 U.S.C. Sec. 5104;
(1)(c) provide the commissioner the individual's unique identifier;
(1)(d) consent to the commissioner receiving information obtained by the nationwide database under 12 U.S.C. Sec. 5104, including the results of a criminal history background check; and
(1)(e) notwithstanding the requirements applicable to a regulatory fee under Section 63J-1-504, pay a fee of $200.
(2) The commissioner shall grant an individual a license if the commissioner finds that the individual complies with:

(2)(a) Subsection (1); and
(2)(b) the qualifications for a license under Section 70D-3-202.
(3) Subject to this chapter, the commissioner may make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, concerning:

(3)(a) the form of an application under this chapter;
(3)(b) the content of an application under this chapter; and
(3)(c) the procedures for filing an application under this chapter.