§ 70D-3-302 — Examination.

(1) Before an individual may be licensed under this chapter, the individual shall pass a written examination that:

(1)(a) meets the requirements of 12 U.S.C. Sec. 5104(d);
(1)(b) is developed by the nationwide database; and
(1)(c) is administered by an approved examination provider.
(2) The commissioner shall make rules made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, that:

(2)(a) require that an individual comply at a minimum with the standards of 12 U.S.C. Sec. 5104(d); and
(2)(b) address:
(2)(b)(i) what constitutes passing a written examination;
(2)(b)(ii) the ability of an individual to retake a written examination if the individual fails the written examination; and
(2)(b)(iii) when an individual is required to retake a written examination if an individual fails to maintain a valid license under this chapter after taking the written examination.

Legislative History

Enacted by Chapter 72, 2009 General Session