Utah § 70D-3-302 Examination.

Utah Statutes

§ 70D-3-302 — Examination.

Utah § 70D-3-302

Title 70DFinancial Institution Mortgage Financing Regulation Act

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

Part 70D-3-3Education Requirements

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Bluebook

Utah Code Ann. § 70D-3-302 (2026).

Text

(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 indi

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(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.