70D-3-103. General powers and duties of commissioner.

170 words·~1 min read·/ut/title-70d/chapter-3/70d-3-103

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

Subject to this chapter:

(1)In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act , the commissioner may make rules authorized by this chapter, including:

(a)providing for an interim procedure for:

(i)licensing; and

(ii)acceptance of an application; and

(b)coordination between filings required under this chapter and:

(i)Title 70C, Utah Consumer Credit Code ; or

(ii)Chapter 2, Mortgage Lending and Servicing Act .

(2)The commissioner may enter into a relationship or contract with the nationwide database or another entity designated by the nationwide database to do the following related to a licensee or other person subject to this chapter:

(a)collect or maintain a record; and

(b)process a transaction fee or other fee.

(3)The commissioner shall regularly report the following to the nationwide database:

(a)a violation of this chapter;

(b)disciplinary action under Section 70D-3-501 ; and

(c)other information relevant to this chapter.

Enacted by Chapter 72 , 2009 General Session