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Code · Utah · Title 7 — Financial Institutions Act · Chapter 24

7-24-301. Enforcement by department -- Rulemaking.

164 words·~1 min read·/ut/title-7/chapter-24/7-24-301·

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7-24-301. Enforcement by department -- Rulemaking.
(1)Subject to the requirements of Title 63G, Chapter 4, Administrative Procedures Act , the department may:
(a)receive and act on complaints;
(b)take action designed to obtain voluntary compliance with this chapter; or
(c)commence administrative or judicial proceedings on its own initiative to enforce compliance with this chapter.
(2)The department may:
(a)counsel persons and groups on their rights and duties under this chapter;
(b)make rules to:
(i)restrict or prohibit lending or servicing practices that are misleading, unfair, or abusive;
(ii)promote or assure fair and full disclosure of the terms and conditions of agreements and communications between title lenders and customers; or
(iii)promote or assure uniform application of or to resolve ambiguities in applicable state or federal laws or federal regulations; and
(c)employ hearing examiners, clerks, and other employees and agents as necessary to perform the department's duties under this chapter.
Amended by Chapter 382 , 2008 General Session
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