70C-8-203. Fees -- Examinations.
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Effective 5/1/2024
70C-8-203. Fees -- Examinations.
(1)A party required to file notification under Section 70C-8-202 shall, on or before December 31 of each year, pay to the department an annual fee of $100.
(2)In addition to filing notification, a party subject to this part, and a depository institution subject to this title:
(a)may be required to make a book or record relating to a consumer credit transaction available to the department or its authorized representative for examination; and
(b)shall pay to the department a fee to be set by the department based on an hourly rate per each examiner.
(3)No portion of a fee paid or owed to the department under this part is refundable because a party voluntarily or involuntarily ceases to extend credit to consumers:
(a)during the period covered by the fee; or
(b)before the time of an examination by the department of a book or record pertaining to a preceding consumer credit transaction.
Amended by Chapter 114 , 2024 General Session