reglab/housing_qa huggingface dataset:
UT Code § 13-53-108 (2021)
2021 Utah Code|Title 13 - Commerce and Trade|Chapter 53 - Residential, Vocational and Life Skills Program Act|Section 108 - Financial requirements.

 Effective 5/8/2018  13-53-108. Financial requirements.    (1) When applying for registration under Subsection 13-53-103(2), an applicant shall demonstrate fiscal responsibility by providing evidence to the division that the residential, vocational and life skills program:   (a) is financially sound; and     (b) reasonably has the fiscal ability to fulfill commitments and obligations to the participants of the residential, vocational and life skills program.       (2) Evidence acceptable to satisfy the requirement described in Subsection (1) includes:   (a) for a residential, vocational and life skills program that has been in operation less than one fiscal year:   (i) pro forma financial statements until further information described in Subsection (2)(b) is available; and     (ii) a commercial credit report for the residential, vocational and life skills program; or       (b) for a residential, vocational and life skills program that has completed a fiscal year, and as soon as the residential, vocational and life skills program completes its first fiscal year:   (i) a current financial statement, with all applicable footnotes, for the most recent fiscal year, including a balance sheet, a statement of income, a statement of retained earnings, and a statement of cash flow; and     (ii) a certified fiscal audit of the residential, vocational and life skills program's financial statement, performed by a certified or licensed public accountant.         (3) In evaluating a residential, vocational and life skills program's fiscal responsibility, the division may consider:   (a) any judgment, tax lien, collection action, bankruptcy schedule, or history of late payments to creditors;     (b) documentation showing the resolution of a matter described in Subsection (3)(a);     (c) the residential, vocational and life skills program's explanation for a matter described in Subsection (3)(a);     (d) a guarantee agreement provided for the residential, vocational and life skills program; and     (e) history of a prior entity that:   (i) is owned or operated by any individual who is an officer, a director, or an administrator of the residential, vocational and life skills program; and     (ii) has failed to maintain fiscal responsibility.         (4) The division may require evidence of financial status at other times when it is in the best interest of the program participants to require the information.     (5) The division may perform a fiscal audit of a residential, vocational and life skills program.     (6) A residential, vocational and life skills program shall develop and maintain adequate internal controls for receipt, management, and disbursement of money that are reasonable in light of the residential, vocational and life skills program's organizational complexity.    Enacted by Chapter 252, 2018 General Session
UT Code § 13-53-109 (2021)
2021 Utah Code|Title 13 - Commerce and Trade|Chapter 53 - Residential, Vocational and Life Skills Program Act|Section 109 - Discontinuance of operations.

 Effective 5/8/2018  13-53-109. Discontinuance of operations.    (1) A residential, vocational and life skills program that is closing shall adopt a plan for the provision of food, shelter, and clothing for at least 30 days from the date of closure to participants displaced by the closure.     (2) At least 30 days before the day on which the residential, vocational and life skills program will close, the residential, vocational and life skills program shall provide written notice to the division of:   (a) the intended date of closure; and     (b) the plan described in Subsection (1).      Enacted by Chapter 252, 2018 General Session
UT Code § 13-53-110 (2021)
2021 Utah Code|Title 13 - Commerce and Trade|Chapter 53 - Residential, Vocational and Life Skills Program Act|Section 110 - Enforcement.

 Effective 5/8/2018  13-53-110. Enforcement.    (1) The division may investigate facilities and enforce this chapter under the authority described in Chapter 2, Division of Consumer Protection.     (2) To monitor the welfare of participants and transitional graduates, if any, and to monitor the safe operation of a residential, vocational and life skills program, the division shall:   (a) annually perform an on-site inspection of a registered residential, vocational and life skills program;     (b) refer each concern that the division identifies during the on-site inspection to the state or municipal entity responsible for the area of concern; and     (c) coordinate with each relevant state and municipal entity to monitor the residential, vocational and life skills program's compliance with the entity's relevant health and safety regulations.       (3) In addition to penalties established by this chapter and in addition to the enforcement authority described in Chapter 2, Division of Consumer Protection, the division may:   (a) issue a cease and desist order;     (b) impose an administrative fine of up to $2,500 for each violation of this chapter; and     (c) seek injunctive relief in a court of competent jurisdiction.       (4) All money received from fines imposed under this section shall be deposited into the Consumer Protection Education and Training Fund, created in Section 13-2-8.    Enacted by Chapter 252, 2018 General Session
UT Code § 13-55-101 (2021)
2021 Utah Code|Title 13 - Commerce and Trade|Chapter 55 - Regulatory Sandbox Program|Section 101 - Title.

 Effective 5/14/2019  13-55-101. Title.  This chapter is known as the "Regulatory Sandbox Program." Enacted by Chapter 243, 2019 General Session
UT Code § 13-55-102 (2021)
2021 Utah Code|Title 13 - Commerce and Trade|Chapter 55 - Regulatory Sandbox Program|Section 102 - Definitions.

 Effective 5/5/2021  13-55-102. Definitions.  As used in this chapter:  (1) "Applicable agency" means a department or agency of the state, including the department and the Department of Financial Institutions, that by law regulates certain types of business activity in the state and persons engaged in such business activity, including the issuance of licenses or other types of authorization, which the department determines would otherwise regulate a sandbox participant.     (2) "Applicant" means an individual or entity that is applying to participate in the regulatory sandbox.     (3) "Blockchain technology" means the use of a digital database containing records of financial transactions, which can be simultaneously used and shared within a decentralized, publicly accessible network and can record transactions between two parties in a verifiable and permanent way.     (4) "Consumer" means a person that purchases or otherwise enters into a transaction or agreement to receive an innovative product or service that is being tested by a sandbox participant.     (5) "Department" means the Department of Commerce.     (6)   (a) "Financial product or service" means:   (i) a financial product or financial service that requires state licensure or registration; or     (ii) a financial product or financial service that includes a business model, delivery mechanism, or element that may require a license or other authorization to act as a financial institution, enterprise, or other entity that is regulated by Title 7, Financial Institutions Act, or other related provisions.       (b) "Financial product or service" does not include a product or service that is governed by:   (i)Title 31A, Insurance Code; or     (ii)Title 61, Chapter 1, Utah Uniform Securities Act.         (7) "Innovation" means the use or incorporation of a new idea, a new or emerging technology, or a new use of existing technology, including blockchain technology, to address a problem, provide a benefit, or otherwise offer a product, service, business model, or delivery mechanism.     (8) "Innovative product or service" means a financial product or service that includes an innovation.     (9) "Regulatory sandbox" means the Regulatory Sandbox Program created by Section 13-55-103, which allows a person to temporarily test an innovative product or service on a limited basis without otherwise being licensed or authorized to act under the laws of the state.     (10) "Sandbox participant" means a person whose application to participate in the regulatory sandbox is approved in accordance with the provisions of this chapter.     (11) "Test" means to provide an innovative product or service in accordance with the provisions of this chapter.    Amended by Chapter 373, 2021 General Session
UT Code § 13-55-105 (2021)
2021 Utah Code|Title 13 - Commerce and Trade|Chapter 55 - Regulatory Sandbox Program|Section 105 - Consumer protection for regulatory sandbox.

 Effective 5/14/2019  13-55-105. Consumer protection for regulatory sandbox.    (1) Before providing an innovative product or service to a consumer, a sandbox participant shall disclose the following to the consumer:   (a) the name and contact information of the sandbox participant;     (b) that the innovative product or service is authorized pursuant to the regulatory sandbox and, if applicable, that the sandbox participant does not have a license or other authorization to provide a product or service under state laws that regulate products or services outside the regulatory sandbox;     (c) that the innovative product or service is undergoing testing and may not function as intended and may expose the customer to financial risk;     (d) that the provider of the innovative product or service is not immune from civil liability for any losses or damages caused by the innovative product or service;     (e) that the state does not endorse or recommend the innovative product or service;     (f) that the innovative product or service is a temporary test that may be discontinued at the end of the testing period;     (g) the expected end date of the testing period; and     (h) that a consumer may contact the department to file a complaint regarding the innovative product or service being tested and provide the department's telephone number and website address where a complaint may be filed.       (2) The disclosures required by Subsection (1) shall be provided to a consumer in a clear and conspicuous form and, for an internet or application-based innovative product or service, a consumer shall acknowledge receipt of the disclosure before a transaction may be completed.     (3) The department may require that a sandbox participant make additional disclosures to a consumer.    Enacted by Chapter 243, 2019 General Session
UT Code § 13-55-106 (2021)
2021 Utah Code|Title 13 - Commerce and Trade|Chapter 55 - Regulatory Sandbox Program|Section 106 - Requirements for exiting regulatory sandbox.

 Effective 5/14/2019  13-55-106. Requirements for exiting regulatory sandbox.    (1) At least 30 days before the end of the 24-month regulatory sandbox testing period, a sandbox participant shall:   (a) notify the department that the sandbox participant will exit the regulatory sandbox, discontinue the sandbox participant's test, and will stop offering any innovative product or service in the regulatory sandbox within 60 days after the day on which the 24-month testing period ends; or     (b) seek an extension in accordance with Section 13-55-107.       (2) Subject to Subsection (3), if the department does not receive notification as required by Subsection (1), the regulatory sandbox testing period ends at the end of the 24-month testing period and the sandbox participant shall immediately stop offering each innovative product or service being tested.     (3) If a test includes offering an innovative product or service that requires ongoing duties, such as servicing a loan, the sandbox participant shall continue to fulfill those duties or arrange for another person to fulfill those duties after the date on which the sandbox participant exits the regulatory sandbox.    Enacted by Chapter 243, 2019 General Session
UT Code § 13-55-107 (2021)
2021 Utah Code|Title 13 - Commerce and Trade|Chapter 55 - Regulatory Sandbox Program|Section 107 - Extensions.

 Effective 5/14/2019  13-55-107. Extensions.    (1) Not later than 30-days before the end of the 24-month regulatory sandbox testing period, a sandbox participant may request an extension of the regulatory sandbox testing period for the purpose of obtaining a license or other authorization required by law.     (2) The department shall grant or deny a request for an extension in accordance with Subsection (1) by the end of the 24-month regulatory sandbox testing period.     (3) The department may grant an extension in accordance with this section for not more than six months after the end of the regulatory sandbox testing period.     (4) A sandbox participant that obtains an extension in accordance with this section shall provide the department with a written report every three months that provides an update on efforts to obtain a license or other authorization required by law, including any submitted applications for licensure or other authorization, rejected applications, or issued licenses or other authorization.    Enacted by Chapter 243, 2019 General Session
UT Code § 13-55-108 (2021)
2021 Utah Code|Title 13 - Commerce and Trade|Chapter 55 - Regulatory Sandbox Program|Section 108 - Record keeping and reporting requirements.

 Effective 5/14/2019  13-55-108. Record keeping and reporting requirements.    (1) A sandbox participant shall retain records, documents, and data produced in the ordinary course of business regarding an innovative product or service tested in the regulatory sandbox.     (2) If an innovative product or service fails before the end of a testing period, the sandbox participant shall notify the department and report on actions taken by the sandbox participant to ensure consumers have not been harmed as a result of the failure.     (3) The department may establish periodic reporting requirements for a sandbox participant.     (4) The department may request records, documents, and data from a sandbox participant and, upon the department's request, a sandbox participant shall make such records, documents, and data available for inspection by the department.     (5) If the department determines that a sandbox participant has engaged in, is engaging in, or is about to engage in any practice or transaction that is in violation of this chapter or that constitutes a violation of a state or federal criminal law, the department may remove a sandbox participant from the regulatory sandbox.     (6) By October 1, the department shall provide an annual written report to the Business and Labor Interim Committee that provides information regarding each sandbox participant and that provides recommendations regarding the effectiveness of the Regulatory Sandbox Program.    Enacted by Chapter 243, 2019 General Session
UT Code § 14-1-18 (2021)
2021 Utah Code|Title 14 - Contractors' Bonds|Chapter 1 - Public Contracts|Section 18 - Definitions -- Application of Procurement Code to payment and performance bonds.

 Effective 5/10/2016  14-1-18. Definitions -- Application of Procurement Code to payment and performance bonds.    (1)   (a) For purposes of this chapter, "political subdivision" means any county, city, town, school district, local district, special service district, community reinvestment agency, public corporation, institution of higher education of the state, public agency of any political subdivision, and, to the extent provided by law, any other entity which expends public funds for construction.     (b) For purposes of applying Section 63G-6a-1103 to a political subdivision, "state" includes "political subdivision."       (2) Notwithstanding any provision of Title 63G, Chapter 6a, Utah Procurement Code, to the contrary, Section 63G-6a-1103 applies to all contracts for the construction, alteration, or repair of any public building or public work of the state or a political subdivision of the state.    Amended by Chapter 350, 2016 General Session
UT Code § 14-1-19 (2021)
2021 Utah Code|Title 14 - Contractors' Bonds|Chapter 1 - Public Contracts|Section 19 - Failure of government entity to obtain payment bond -- Right of action -- Notice.

14-1-19. Failure of government entity to obtain payment bond -- Right of action -- Notice.    (1) If the state or a political subdivision fails to obtain a payment bond, it shall, upon demand by a person who has furnished labor or supplied materials to the contractor or subcontractor for the work provided for in a contract which is subject to Section 14-1-18, promptly make payment to that person.      (2) A person described in Subsection (1):   (a) shall have a direct right of action against the state or the political subdivision in any court having jurisdiction in any county in which the contract was to be performed, upon giving written notice to the state or political subdivision within 90 days from the date on which such person performed the last of the labor or supplied the last of the material for which claim is made;     (b) shall state in the notice a designation of the construction project and its location, the amount claimed, and the name of the party for whom the labor was performed or to whom the material was supplied; and     (c) shall serve the notice by registered or certified mail, postage prepaid, on the state agency or political subdivision that is a party to the contract.        (3) An action described in this section may not be commenced later than one year after the day on which the last of the labor was performed or material was supplied by the person bringing the action.     (4) Unless otherwise specified in a lawful contract between the state or the political subdivision against which the claim is made and the person demanding payment, the interest rate applicable to the payment or claim is the rate described in Subsection 15-1-1(2).    Amended by Chapter 330, 2012 General Session
UT Code § 14-1-20 (2021)
2021 Utah Code|Title 14 - Contractors' Bonds|Chapter 1 - Public Contracts|Section 20 - Preliminary notice requirement.

 Effective 5/13/2014  14-1-20. Preliminary notice requirement.    (1) Any person who furnishes labor, service, equipment, or material for which a claim may be made under this chapter shall provide preliminary notice to the designated agent as prescribed by Section 38-1b-202, except that this section does not apply:   (a) to an individual performing labor for wages; or     (b) if a notice of commencement is not filed as prescribed in Section 38-1b-201 for the project or improvement for which labor, service, equipment, or material is furnished.       (2) Any person who fails to provide the preliminary notice required by Subsection (1) may not make a claim under this chapter.     (3) The preliminary notice required by Subsection (1) shall be provided prior to commencement of any action on the payment bond.     (4) Subsection (1)(a) does not exempt the following from complying with the requirements of this section:   (a) a temporary labor service company or organization;     (b) a professional employer company or organization; or     (c) any other entity that provides labor.      Amended by Chapter 293, 2014 General Session
UT Code § 14-2-2 (2021)
2021 Utah Code|Title 14 - Contractors' Bonds|Chapter 2 - Private Contracts|Section 2 - Failure of owner to obtain payment bond -- Liability.

14-2-2. Failure of owner to obtain payment bond -- Liability.    (1) An owner who fails to obtain a payment bond required under Section 14-2-1 is liable to each person who performed labor or service or supplied equipment or materials under the commercial contract for the reasonable value of the labor or service performed or the equipment or materials furnished up to but not exceeding the commercial contract price.     (2) An action to recover on the liability described in Subsection (1) may not be commenced later than one year after the day on which:   (a) the last of the labor or service was performed; or     (b) the equipment or material was supplied by the person.       (3) In an action for failure to obtain a bond, the court shall award reasonable attorney fees to the prevailing party. These attorney fees shall be taxed as costs in the action.    Amended by Chapter 330, 2012 General Session
UT Code § 14-2-5 (2021)
2021 Utah Code|Title 14 - Contractors' Bonds|Chapter 2 - Private Contracts|Section 5 - Preliminary notice requirement.

 Effective 5/13/2014  14-2-5. Preliminary notice requirement.    (1) Any person who furnishes labor, service, equipment, or material for which a claim may be made under this chapter shall provide preliminary notice to the designated agent as prescribed by Section 38-1a-501, except that this section does not apply to an individual performing labor for wages.     (2) Any person who fails to provide the preliminary notice required by Subsection (1) may not make a claim under this chapter.     (3) The preliminary notice required by Subsection (1) shall be provided prior to commencement of any action on the payment bond.     (4) Subsection (1) does not exempt the following from complying with the requirements of this section:   (a) a temporary labor service company or organization;     (b) a professional employer company or organization; or     (c) any other entity that provides labor.      Amended by Chapter 293, 2014 General Session
UT Code § 15-1-1 (2021)
2021 Utah Code|Title 15 - Contracts and Obligations in General|Chapter 1 - Interest|Section 1 - Interest rates -- Contracted rate -- Legal rate.

 Effective 5/14/2019  15-1-1. Interest rates -- Contracted rate -- Legal rate.    (1) The parties to a lawful written, verbal, or implied contract may agree upon any rate of interest for the contract, including a contract for services, a loan or forbearance of any money, goods, or services, or a claim for breach of contract.     (2) Unless the parties to a lawful written, verbal, or implied contract expressly specify a different rate of interest, the legal rate of interest for the contract, including a contract for services, a loan or forbearance of any money, goods, or services, or a claim for breach of contract is 10% per annum.     (3) Nothing in this section may be construed in any way to affect any penalty or interest charge that by law applies to delinquent or other taxes or to any contract or obligations made before May 14, 1981.    Amended by Chapter 437, 2019 General Session
UT Code § 15-1-3 (2021)
2021 Utah Code|Title 15 - Contracts and Obligations in General|Chapter 1 - Interest|Section 3 - Calculated by the year.

15-1-3. Calculated by the year.  Whenever in any statute or deed, or written or verbal contract, or in any public or private instrument whatever, any certain rate of interest is mentioned and no period of time is stated, interest shall be calculated at the rate mentioned by the year.  No Change Since 1953