reglab/housing_qa huggingface dataset:
UT Code § 7-1-706 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 7 - Authorization Required to Conduct Business|Section 706 - Application to commissioner to exercise power -- Procedure.

 Effective 7/1/2021  7-1-706. Application to commissioner to exercise power -- Procedure.    (1) Except as provided in Sections 7-1-704 and 7-1-705, by filing a request for agency action with the commissioner, any person may request the commissioner to:   (a) issue any rule or order;     (b) exercise any powers granted to the commissioner under this title; or     (c) act on any matter that is subject to the approval of the commissioner.       (2) Within 10 days of receipt of the request, the commissioner shall, at the applicant's expense, cause a supervisor to make a careful investigation of the facts relevant or material to the request.     (3)   (a) The supervisor shall submit written findings and recommendations to the commissioner.     (b) The application, any additional information furnished by the applicant, and the findings and recommendations of the supervisor may be inspected by any person at the office of the commissioner, except those portions of the application or report that the commissioner designates as confidential to prevent a clearly unwarranted invasion of privacy.       (4)   (a) If a hearing is held concerning the request, the commissioner shall publish notice of the hearing at the applicant's expense:   (i) in a newspaper of general circulation within the county where the applicant is located at least once a week for three successive weeks before the date of the hearing; and     (ii) on the Utah Public Notice Website created in Section 63A-16-601, for three weeks before the date of the hearing.       (b) The notice required by Subsection (4)(a) shall include the information required by the department's rules.     (c) The commissioner shall act upon the request within 30 days after the close of the hearing, based on the record before the commissioner.       (5)   (a) If no hearing is held, the commissioner shall approve or disapprove the request within 90 days of receipt of the request based on:   (i) the application;     (ii) additional information filed with the commissioner; and     (iii) the findings and recommendations of the supervisor.       (b) The commissioner shall act on the request by issuing findings of fact, conclusions, and an order, and shall mail a copy of each to:   (i) the applicant;     (ii) all persons who have filed protests to the granting of the application; and     (iii) other persons that the commissioner considers should receive copies.         (6) The commissioner may impose any conditions or limitations on the approval or disapproval of a request that the commissioner considers proper to:   (a) protect the interest of creditors, depositors, and other customers of an institution;     (b) protect its shareholders or members; and     (c) carry out the purposes of this title.      Amended by Chapter 84, 2021 General SessionAmended by Chapter 345, 2021 General Session
UT Code § 7-1-709 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 7 - Authorization Required to Conduct Business|Section 709 - Branches -- Discontinuance of operation.

7-1-709. Branches -- Discontinuance of operation.    (1) A Utah depository institution or out-of-state depository institution authorized to do business in this state may discontinue operation of a branch upon resolution of its board of directors.     (2) Upon adopting the resolution, the institution shall file an application with the commissioner specifying:   (a) the location of the branch to be discontinued;     (b) the date of the proposed discontinuance;     (c) the reasons for closing the branch; and     (d) the extent to which the public need and convenience or service to members would still be adequately met.       (3)   (a) Upon filing its application with the commissioner, the institution shall publish notice of the discontinuance:   (i) in a newspaper serving the area once a week for two consecutive weeks; and     (ii) as required by Section 45-1-101 for two weeks.       (b) The commissioner may approve the application after a reasonable comment period following publication.       (4) An out-of-state depository institution with a branch in Utah is not subject to the requirements of this section if the branch to be closed is located outside of Utah.    Amended by Chapter 388, 2009 General Session
UT Code § 7-1-710 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 7 - Authorization Required to Conduct Business|Section 710 - "Agency" defined -- Purposes and establishment of agency.

 Effective 5/13/2014  7-1-710. "Agency" defined -- Purposes and establishment of agency.    (1) As used in this section, "agency" means a place, person, or facility, stationary or mobile, other than the home office or a branch office:   (a) where functions of the financial institution not involving the receiving or paying of deposits, making of loans or the handling of cash may be performed;     (b) established for individual transactions and for special temporary purposes;     (c) established for the purposes set forth in Sections 7-1-608 and 7-1-609; or     (d) established to perform the functions of a financial institution service corporation.       (2) A financial institution may establish one or more agencies without the prior written approval of the commissioner. Within 30 days of the establishment of an agency, the financial institution shall inform the commissioner in writing of the address of the agency and the specific functions for which it was established.     (3) No agency may be converted to a branch without compliance with Section 7-1-708.    Amended by Chapter 189, 2014 General Session
UT Code § 7-1-711 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 7 - Authorization Required to Conduct Business|Section 711 - Mobile facilities -- Approval required for operation.

7-1-711. Mobile facilities -- Approval required for operation.  No financial institution may operate a mobile facility in this state at which deposits are received, checks paid, or money lent without the prior written approval of the commissioner.  Amended by Chapter 133, 1991 General Session
UT Code § 7-1-712 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 7 - Authorization Required to Conduct Business|Section 712 - Acquisition of office of another financial institution.

7-1-712. Acquisition of office of another financial institution.  Any financial institution authorized to do business in this state may acquire an office of any other financial institution located in this state upon obtaining the prior written approval of the commissioner in the manner provided in Section 7-1-708 for the establishment of a branch.  Amended by Chapter 1, 1986 General Session
UT Code § 7-1-713 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 7 - Authorization Required to Conduct Business|Section 713 - Conversion of financial institution -- Approval required -- Procedure -- Federal-state conversion.

7-1-713. Conversion of financial institution -- Approval required -- Procedure -- Federal-state conversion.    (1) Any financial institution authorized to do business as a particular class of financial institution under any chapter of this title may convert to an institution authorized to do business under another chapter by applying to the department for approval in the manner provided in Section 7-1-706.     (2) If the commissioner approves the conversion, the institution shall immediately surrender its former charter to the commissioner. Under its new charter as a financial institution of a different class, it is entitled to all the benefits and powers conferred under the applicable chapter to other financial institutions of that class and is subject to examination, supervision, and regulation to the same extent as all other financial institutions of that class.     (3) Any depository institution organized under the laws of this state may convert to a depository institution organized under the laws of the United States upon compliance with the laws of the United States and upon surrender of its charter to the commissioner.     (4) Any depository institution organized under the laws of the United States or any other state that is authorized to do business in this state may convert into a depository institution subject to the jurisdiction of the department by applying to the department for approval in the manner provided in Section 7-1-706.    Amended by Chapter 200, 1994 General Session
UT Code § 7-1-714 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 7 - Authorization Required to Conduct Business|Section 714 - Judicial review of acts of commissioner -- Hearing by court.

7-1-714. Judicial review of acts of commissioner -- Hearing by court.    (1) Any person aggrieved by any rule, regulation, order, decision, or ruling or other act or failure to act of the commissioner under this title is entitled to judicial review.     (2) Judicial review of other agency actions shall be governed by the procedures and requirements of this subsection.   (a) Within 30 days after receipt of notice of a rule, order, or other decision or ruling not arising from an adjudicative proceeding, or within 120 days after the commissioner has failed to act upon a request or application, the aggrieved person may file an application for judicial review with a court of competent jurisdiction in the county in which the applicant is located, or in the county where the office of the commissioner is located, and may request an immediate hearing on the act or failure to act.     (b) The court shall require adequate notice to be served on the commissioner and all other interested parties and shall give the petition for review precedence on its calendar.     (c) The court shall review the record before the commissioner and shall adjudicate the question, enter appropriate orders, and enforce them.     (d) The court may declare void any rule, regulation, order, decision, ruling, or other act of the commissioner it finds to be arbitrary, capricious, an abuse of discretion, or otherwise contrary to law.       (3) Any action for judicial review of acts or failure to act of the commissioner shall be heard by the court and shall be based on the record made before the department.    Amended by Chapter 161, 1987 General Session
UT Code § 7-1-715 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 7 - Authorization Required to Conduct Business|Section 715 - Loan production offices -- Application and procedure for approval.

7-1-715. Loan production offices -- Application and procedure for approval.    (1) With the prior approval of the commissioner, a depository institution may establish one or more loan production offices.     (2) A loan production office shall be staffed and accessible to the public.     (3) A loan production office may:   (a) solicit loans on behalf of its depository institution;     (b) assemble credit information;     (c) make property inspections and appraisals;     (d) secure title information;     (e) prepare applications for loans;     (f) solicit investors to purchase loans from the depository institution;     (g) seek to have these investors contract with a depository institution for servicing the loans; and     (h) engage in other activities in the nature of acting as an agent for the parent depository institution in facilitating the production of loans.       (4) A loan production office may not do any of the following:   (a) accept deposits;     (b) originate deposit, savings, or share accounts;     (c) pay checks;     (d) approve loans; or     (e) disburse loan funds.       (5) A loan processed by a loan production office may only be approved at the main office or approved branch of the depository institution, except a loan production office may make a recommendation, subject to independent analysis and approval by the depository institution.     (6) Funds from a loan processed by a loan production office may only be disbursed at the main office or approved branch of the depository institution, or at the office of an independent third party, such as a title company or escrow agent.     (7) Although a loan production office is not considered a branch, the establishment of a loan production office is subject to the prior approval of the commissioner in the manner provided in Section 7-1-708 for the establishment of a branch office.     (8) Each depository institution with operating loan production offices in Utah as of June 1, 1994, shall file an initial registration with the department stating the location of each loan production office on or before July 15, 1994. All subsequent applications for a loan production office require prior approval of the commissioner.     (9) If the commissioner determines that it is in the public interest, the department may examine the books and records of the office at the per diem charge established in Section 7-1-401.    Amended by Chapter 49, 1995 General Session
UT Code § 7-1-716 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 7 - Authorization Required to Conduct Business|Section 716 - Affiliate depository institutions acting as agents -- Notification required.

7-1-716. Affiliate depository institutions acting as agents -- Notification required.    (1) Any depository institution may, at its main office or at any branch, act as an agent of any other depository institution that is a subsidiary of the same depository institution holding company in conducting the activities authorized under this section.     (2) This section applies regardless of whether the affiliate depository institutions have the same home state.     (3) A depository institution acting as agent for an affiliate depository institution may:   (a) receive deposits;     (b) renew time deposits;     (c) engage in the activities authorized for a loan production office under Section 7-1-715;     (d) service loans; and     (e) receive payments on loans and other obligations.       (4) A depository institution may not do any of the following as an agent on behalf of an affiliate depository institution:   (a) open or originate deposit, savings, or share accounts;     (b) evaluate or approve loans;     (c) disburse loan funds; or     (d) conduct any activity as an agent that it is prohibited from conducting as a principal under any applicable law.       (5) A depository institution acting as a principal may not have an affiliate depository institution act as its agent in conducting any activity that:   (a) the principal depository institution is prohibited from conducting; or     (b) the agent depository institution would be prohibited from conducting as a principal.       (6) An agency relationship between affiliates under this section shall be consistent with safe and sound practices and shall comply with all applicable law.     (7) A depository institution acting as an agent is not considered to be a branch of the affiliate solely because of activities conducted under this section.    Enacted by Chapter 49, 1995 General Session
UT Code § 7-1-801 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 8 - Miscellaneous|Section 801 - False statement derogatory to financial condition of depository institution a misdemeanor -- Exemptions.

7-1-801. False statement derogatory to financial condition of depository institution a misdemeanor -- Exemptions.    (1) Any person who willfully and knowingly makes or circulates or transmits to another any statement or rumor, written, printed, or by word of mouth, which is untrue in fact and is directly or by inference derogatory to the financial condition or standing of any depository institution, or who knowingly counsels, aids, procures, or induces another to state, transmit, or circulate any such statement or rumor, is guilty of a class B misdemeanor.     (2) Subsection (1) does not apply to the exchange of information between personnel of the department and the personnel of other regulatory and deposit insurance agencies in the discharge of regulatory duties, which communications are considered absolutely privileged.    Amended by Chapter 200, 1994 General Session
UT Code § 7-1-806 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 8 - Miscellaneous|Section 806 - Money market funds arranging with bank to honor two-party instruments -- Discouraging payment of interest to two persons on funds in transit -- Pyramiding and similar schemes as misdemeanors.

7-1-806. Money market funds arranging with bank to honor two-party instruments -- Discouraging payment of interest to two persons on funds in transit -- Pyramiding and similar schemes as misdemeanors.  Nothing in this act shall be construed to prevent money market funds from making arrangements with banks to honor two party checks, drafts, or other instruments. The commissioner shall exert his influence to discourage banks, money market funds and other programs in Utah and throughout the United States from paying interest to two persons at the same time on funds in the process of transfer. The process or the practice referred to as pyramiding or any similar process or practice as defined by the commissioner, and such definition is approved by the governor, shall be prohibited within this state and persons found guilty of these schemes shall be found guilty of a class C misdemeanor. This does not preclude more serious punishment under federal law. Money market funds, similar funds and bank regulated institutions shall cooperate with the commissioner to stop these practices.  Amended by Chapter 378, 2010 General Session
UT Code § 7-1-807 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 8 - Miscellaneous|Section 807 - Printed checks, drafts and orders -- Requirements -- Violation as misdemeanor.

7-1-807. Printed checks, drafts and orders -- Requirements -- Violation as misdemeanor.  Every check, draft, order, or other like instrument printed for a customer of any institution issuing transaction accounts in the state as part of a series after the effective date of this act shall have on its face the name and address of the account holder, the month and year the account was opened, and the number of the check, draft, order, or other like instrument in unbroken, sequential, numerical order, beginning with the number 101, except for initial deposits to open a new account or in case of lost or stolen checks when a limited supply of unnumbered counterchecks may be issued. Any person who violates this section is guilty of a class C misdemeanor.  Enacted by Chapter 56, 1983 General Session
UT Code § 7-1-808 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 8 - Miscellaneous|Section 808 - Closing days for depository institutions.

7-1-808. Closing days for depository institutions.    (1) Depository institutions shall be closed to the general public on Sundays.     (2)   (a) The commissioner may designate any additional or different day on which depository institutions are closed to the general public, such as in the event of:   (i) an emergency;     (ii) disaster;     (iii) flood;     (iv) earthquake;     (v) fire;     (vi) power outage;     (vii) heavy snow;     (viii) other impediment to:   (A) business; or     (B) the safety of customers and employees; or       (ix) any circumstance in which closing on an additional or different day serves the public interest.       (b) The commissioner may designate a day under Subsection (2)(a) as applying to all or any portion of the state.       (3)   (a) A depository institution may elect to be open or closed to the general public during business hours of its choosing on any day not designated under this section as a day for closing.     (b) A depository institution shall provide adequate notice to its customers or members of any change from normal business hours.      Amended by Chapter 260, 2000 General Session
UT Code § 7-1-809 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 8 - Miscellaneous|Section 809 - Articles of incorporation -- Amended or restated articles of incorporation -- Prerequisites to filing.

7-1-809. Articles of incorporation -- Amended or restated articles of incorporation -- Prerequisites to filing.    (1) The Division of Corporations and Commercial Code may not file articles of incorporation that state that the purpose of the corporation is to transact business as a depository institution or to hold a corporation that will transact business as a depository institution until the department certifies that it has reviewed and does not object to the articles of incorporation.     (2) A corporation whose articles of incorporation have been filed with the Division of Corporations and Commercial Code pursuant to Subsection (1) may not transact business as a depository institution without authorization from the department in accordance with Section 7-1-705.     (3) The Division of Corporations and Commercial Code may not file articles of amendment or articles of restatement of a depository institution or depository institution holding company until the department has certified that it has reviewed and does not object to the articles of amendment or articles of restatement.    Enacted by Chapter 182, 1996 General Session
UT Code § 7-1-901 (2021)
2021 Utah Code|Title 7 - Financial Institutions Act|Chapter 1 - General Provisions|Part 9 - Depository Institution Insurance Powers|Section 901 - Authorized insurance activities of depository institutions.

7-1-901. Authorized insurance activities of depository institutions.    (1) A depository institution authorized to do business in this state under this title may directly, or indirectly through a subsidiary or affiliate, engage in the following insurance activities:   (a) engage in the insurance business as defined under Section 31A-1-301 except as may be limited by federal law;     (b) act as an insurance producer or consultant as defined under Section 31A-1-301; or     (c) engage in insurance adjusting as defined in Section 31A-26-102.       (2) A depository institution, subsidiary, or affiliate, that engages in insurance activities authorized under Subsection (1) shall be subject to Title 31A, Insurance Code.    Amended by Chapter 298, 2003 General Session