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Code · Utah · Title 70D — Financial Institution Mortgage Financing Regulation Act · Chapter 3

70D-3-203. Initial licensure procedure.

195 words·~1 min read·/ut/title-70d/chapter-3/70d-3-203

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70D-3-203. Initial licensure procedure.
(1)To apply for licensure under this chapter an individual shall:
(a)file an application with the commissioner in a form prescribed by the commissioner in rule;
(b)demonstrate that the individual provided the information to the nationwide database required by 12 U.S.C. Sec. 5104;
(c)provide the commissioner the individual's unique identifier;
(d)consent to the commissioner receiving information obtained by the nationwide database under 12 U.S.C. Sec. 5104, including the results of a criminal history background check; and
(e)notwithstanding the requirements applicable to a regulatory fee under Section 63J-1-504 , pay a fee of $200.
(2)The commissioner shall grant an individual a license if the commissioner finds that the individual complies with:
(a)Subsection
(1); and
(b)the qualifications for a license under Section 70D-3-202 .
(3)Subject to this chapter, the commissioner may make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act , concerning:
(a)the form of an application under this chapter;
(b)the content of an application under this chapter; and
(c)the procedures for filing an application under this chapter.
Enacted by Chapter 72 , 2009 General Session
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