31A-41-201. Creation of Title Insurance Recovery, Education, and Research Fund.
101 words·~1 min read·
/ut/title-31a/chapter-41/31a-41-201A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
31A-41-201. Creation of Title Insurance Recovery, Education, and Research Fund.
(1)There is created an expendable special revenue fund to be known as the "Title Insurance Recovery, Education, and Research Fund."
(2)The fund shall consist of:
(a)assessments on individual title insurance producers and agency title insurance producers made under this chapter;
(b)amounts collected under Section 31A-41-305 ; and
(c)interest earned on the fund.
(3)Interest on fund money shall be deposited into the fund.
(4)The department shall administer the fund.
Amended by Chapter 319 , 2013 General Session
Amended by Chapter 400 , 2013 General Session