31A-2-402. Definitions.
165 words·~1 min read·
/ut/title-31a/chapter-2/31a-2-402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
31A-2-402. Definitions.
As used in this part:
(1)"Commission" means the Title and Escrow Commission created in Section 31A-2-403 .
(2)"Concurrence" means the entities given a concurring role must jointly agree for the action to be taken.
(3)"Real Estate Commission" means the Real Estate Commission created in Section 61-2f-103 .
(4)"Title insurance matter" means a matter related to:
(a)title insurance;
(b)an escrow conducted by an individual title insurance producer or agency title insurance producer;
(c)licensing, examination, and continuing education of an applicant to be a title licensee; or
(d)conduct of a title licensee.
(5)"Title licensee" means a person licensed under this title as:
(a)an agency title insurance producer with a title insurance line of authority;
(b)an individual title insurance producer with:
(i)a general title insurance line of authority; or
(ii)a specific category of authority for title insurance; or
(c)a title insurance adjuster.
Amended by Chapter 175 , 2025 General Session