57-19-16. Denial, revocation, or suspension of registration of salesperson -- Fine.

258 words·~1 min read·/ut/title-57/chapter-19/57-19-16

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/10/2016

(1)Subject to Section 57-19-17 , if the division finds that an applicant or salesperson has engaged in an act described in Subsection

(2), the division may:

(a)deny an application for registration as a salesperson;

(b)suspend or revoke an existing registration; or

(c)impose a civil penalty not to exceed $5,000.

(2)Subsection

(1)applies if the division finds that the applicant or salesperson:

(a)files, or causes to be filed, with the division a document that contains untrue or misleading information;

(b)makes an untrue or misleading statement of material fact;

(c)fails to state a material fact that is necessary in order to make the statements made not misleading in light of the circumstances under which the statements are made;

(d)employs a device, scheme, or artifice to defraud, or engages in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person;

(e)subsequent to the effective date of registration as a salesperson, is:

(i)convicted of:

(A)a felony; or

(B)a misdemeanor involving theft, fraud, or dishonesty; or

(ii)enjoined from, assessed a civil penalty for, or found to have engaged in a violation of any law designed to protect consumers;

(f)violates this chapter;

(g)engages in an activity that constitutes dishonest dealing; or

(h)engages in unprofessional conduct as defined by statute or rule made by the director.

Amended by Chapter 255 , 2016 General Session