reglab/housing_qa huggingface dataset:
UT Code § 61-1-204 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 1 - Utah Uniform Securities Act|Part 2 - Protection of Vulnerable Adults from Financial Exploitation Act|Section 204 - Delaying disbursements or transactions.

 Effective 5/8/2018  61-1-204. Delaying disbursements or transactions.    (1) A broker-dealer or an investment adviser may delay a disbursement or transaction from an eligible adult's account or from an account on which the eligible adult is a beneficiary, if the broker-dealer or investment adviser:   (a) suspects that the disbursement or transaction may result in the financial exploitation of an eligible adult;     (b) initiates an internal review of the disbursement or transaction and the suspected financial exploitation of an eligible adult;     (c) after initiating the internal review, reasonably believes that the disbursement or transaction may result in the financial exploitation of an eligible adult;     (d) within two business days after the day on which the disbursement or transaction is delayed, provides written notification of the delay and the reason for the delay to:   (i) each party authorized to transact business on the account, unless the party is reasonably believed to have engaged in suspected or attempted financial exploitation of the eligible adult;     (ii) the division; and     (iii) Adult Protective Services;       (e) continues the broker-dealer's or investment adviser's internal review of the suspected or attempted financial exploitation of the eligible adult, as necessary; and     (f) upon request, provides a timely report on the status and results of the internal review to the division or Adult Protective Services.       (2) Except as provided in Subsection (3), a delay of a disbursement or transaction under Subsection (1) expires the earlier of:   (a) the day on which the broker-dealer or investment adviser determines that the disbursement or transaction will not result in the financial exploitation of an eligible adult; or     (b) 15 business days after the day on which the broker-dealer or investment adviser initially delayed the disbursement or transaction.       (3) If an internal review described in Subsection (1) supports a reasonable belief that a person has engaged in or attempted to engage in the financial exploitation of an eligible adult, the division or Adult Protective Services may extend the delay of the disbursement or transaction under Subsection (1) as reasonably necessary.     (4) A court of competent jurisdiction may enter an order terminating or extending a delay under this section or granting other protective relief.    Enacted by Chapter 159, 2018 General Session
UT Code § 61-1-205 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 1 - Utah Uniform Securities Act|Part 2 - Protection of Vulnerable Adults from Financial Exploitation Act|Section 205 - Immunity for delaying disbursements or transactions.

 Effective 5/8/2018  61-1-205. Immunity for delaying disbursements or transactions.  A broker-dealer or investment adviser who, in good faith and exercising reasonable care, delays a disbursement or transaction in accordance with Section 61-1-204 is immune from administrative or civil liability that might otherwise arise from the delay. Enacted by Chapter 159, 2018 General Session
UT Code § 61-1-206 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 1 - Utah Uniform Securities Act|Part 2 - Protection of Vulnerable Adults from Financial Exploitation Act|Section 206 - Records.

 Effective 5/8/2018  61-1-206. Records.    (1) Upon request, a broker-dealer or investment adviser shall provide access to or a copy of any record, including a historical record, that is relevant to the suspected or attempted financial exploitation of an eligible adult to Adult Protective Services or a law enforcement agency.     (2) For purposes of Title 63G, Chapter 2, Government Records Access and Management Act, a record made available to Adult Protective Services or a law enforcement agency under this section is a protected record as defined in Section 63G-2-103.     (3) Nothing in this section affects the authority of the division to access or examine the books or records of a broker-dealer or investment adviser as otherwise provided by law.    Enacted by Chapter 159, 2018 General Session
UT Code § 61-2-101 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2 - Division of Real Estate|Part 1 - General Provisions|Section 101 - Title.

61-2-101. Title.  This chapter is known as the "Division of Real Estate."  Enacted by Chapter 379, 2010 General Session
UT Code § 61-2-102 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2 - Division of Real Estate|Part 1 - General Provisions|Section 102 - Definitions.

61-2-102. Definitions.  As used in this chapter:  (1) "Department" means the Department of Commerce.     (2) "Director" means the director of the division appointed under Section 61-2-201.     (3) "Division" means the Division of Real Estate created in Section 61-2-201.     (4) "Executive director" means the executive director of the department appointed under Section 13-1-3.    Enacted by Chapter 379, 2010 General Session
UT Code § 61-2-201 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2 - Division of Real Estate|Part 2 - Organization|Section 201 - Division of Real Estate created -- Director appointed -- Personnel.

 Effective 7/1/2021  61-2-201. Division of Real Estate created -- Director appointed -- Personnel.    (1) There is created within the department a Division of Real Estate. The division is responsible for the administration and enforcement of:   (a) this chapter;     (b)Title 57, Chapter 11, Utah Uniform Land Sales Practices Act;     (c)Title 57, Chapter 19, Timeshare and Camp Resort Act;     (d)Title 57, Chapter 23, Real Estate Cooperative Marketing Act;     (e)Title 57, Chapter 29, Undivided Fractionalized Long-term Estate Sales Practices Act;     (f)Chapter 2c, Utah Residential Mortgage Practices and Licensing Act;     (g)Chapter 2e, Appraisal Management Company Registration and Regulation Act;     (h)Chapter 2f, Real Estate Licensing and Practices Act; and     (i)Chapter 2g, Real Estate Appraiser Licensing and Certification Act.       (2) The division is under the direction and control of a director appointed by the executive director of the department with the approval of the governor. The director holds the office of director at the pleasure of the governor.     (3) The director, with the approval of the executive director, may employ personnel necessary to discharge the duties of the division at salaries to be fixed by the director according to standards established by the Division of Human Resource Management.    Amended by Chapter 344, 2021 General Session
UT Code § 61-2-202 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2 - Division of Real Estate|Part 2 - Organization|Section 202 - Powers and duties of the director or division.

61-2-202. Powers and duties of the director or division.    (1) On or before October 1 of each year, in conjunction with the department, the director shall report to the governor and the Legislature concerning the division's work for the fiscal year immediately preceding the report.     (2) In conjunction with the executive director, the director shall prepare and submit to the governor and the Legislature a budget for the fiscal year that follows the convening of the Legislature.    Enacted by Chapter 379, 2010 General Session
UT Code § 61-2-204 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2 - Division of Real Estate|Part 2 - Organization|Section 204 - Utah Housing Opportunity Restricted Account.

61-2-204. Utah Housing Opportunity Restricted Account.    (1) For purposes of this section, "account" means the Utah Housing Opportunity Restricted Account created by this section.     (2) There is created in the General Fund a restricted account known as the "Utah Housing Opportunity Restricted Account."     (3) The account shall be funded by:   (a) contributions deposited into the account in accordance with Section 41-1a-422;     (b) private contributions; and     (c) donations or grants from public or private entities.       (4)   (a) The state treasurer shall invest money in the account according to Title 51, Chapter 7, State Money Management Act.     (b) The Division of Finance shall deposit interest or other earnings derived from investment of account money into the General Fund.       (5) The Legislature shall appropriate money in the account to the division.     (6) The division shall distribute the money in the account to one or more charitable organizations that:   (a) are tax exempt under Section 501(c)(3), Internal Revenue Code; and     (b) have as a primary part of their mission to provide support to organizations that create affordable housing for those in severe need.       (7) The division may consider a proposal only if it is:   (a) proposed by an organization described in Subsection (6); and     (b) designed to provide support to organizations that create affordable housing for those in severe need.       (8)   (a) An organization described in Subsection (6) may apply to the division to receive a distribution in accordance with Subsection (6).     (b) An organization that receives a distribution from the division in accordance with Subsection (6) shall expend the distribution only to provide support to organizations that create affordable housing for those in severe need.       (9) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the division shall make rules providing procedures for an organization to apply to receive money under this section.    Amended by Chapter 303, 2011 General Session
UT Code § 61-2-205 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2 - Division of Real Estate|Part 2 - Organization|Section 205 - Concurrence.

 Effective 5/10/2016  61-2-205. Concurrence.    (1) If a provision under this title requires concurrence between the director or division and a commission or board created under this title and no concurrence can be reached, the director or division has final authority.     (2) When this title requires concurrence between the director or division and a commission or board:   (a) the director or division shall report to and update the commission or board on a regular basis related to matters requiring concurrence; and     (b) the commission or board shall review the report submitted by the director or division under this Subsection (2) and concur with the report, or:   (i) provide a reason for not concurring with the report; and     (ii) provide recommendations to the director or division.        Enacted by Chapter 25, 2016 General Session
UT Code § 61-2c-101 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2c - Utah Residential Mortgage Practices and Licensing Act|Part 1 - General Provisions|Section 101 - Title.

61-2c-101. Title.  This chapter is known as the "Utah Residential Mortgage Practices and Licensing Act."  Amended by Chapter 372, 2009 General Session
UT Code § 61-2c-106 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2c - Utah Residential Mortgage Practices and Licensing Act|Part 1 - General Provisions|Section 106 - Addresses provided the division.

61-2c-106. Addresses provided the division.    (1)   (a) A person shall provide a physical location or street address when the person provides the nationwide database an address required by the division.     (b) The following when provided to and maintained within the division under this chapter is public information:   (i) a business address; or     (ii) a mailing address other than a home address, unless the person provides no other address.         (2) A licensee is considered to have received a notification that is mailed to the last mailing address furnished to the nationwide database by:   (a) the individual, if the licensee is an individual; or     (b) the lending manager who is designated within the nationwide database to act as the principal lending manager for the entity, if the licensee is an entity.      Amended by Chapter 292, 2013 General Session
UT Code § 61-2c-201 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2c - Utah Residential Mortgage Practices and Licensing Act|Part 2 - Licensure|Section 201 - Licensure required of person engaged in the business of residential mortgage loans.

 Effective 5/14/2019  61-2c-201. Licensure required of person engaged in the business of residential mortgage loans.    (1)   (a) Except as provided in Subsection (1)(b), a person may not transact the business of residential mortgage loans without first obtaining a license under this chapter.     (b) A person may transact the business of residential mortgage loans without first obtaining a license under this chapter if the person:   (i) is exempt from this chapter under Section 61-2c-105; or     (ii) qualifies for temporary authority to act as a mortgage loan originator under Section 61-2c-201.2.         (2) For purposes of this chapter, a person transacts the business of residential mortgage loans in this state if:   (a)   (i) the person engages in an act that constitutes the business of residential mortgage loans;     (ii) the act described in Subsection (2)(a)(i) is directed to or received in this state; and     (iii) the real property that is the subject of the act described in Subsection (2)(a)(i) is located in this state; or       (b) the person makes a representation that the person transacts the business of residential mortgage loans in this state.       (3) An individual who has an ownership interest in an entity required to be licensed under this chapter is not required to obtain an individual license under this chapter unless the individual transacts the business of residential mortgage loans.     (4) Unless otherwise exempted under this chapter, licensure under this chapter is required of both:   (a) the individual who directly transacts the business of residential mortgage loans; and     (b) if the individual transacts business as an employee or agent of an entity or individual, the entity or individual for whom the employee or agent transacts the business of residential mortgage loans.       (5)   (a) If an entity that is licensed to transact the business of residential mortgage loans transacts the business of residential mortgage loans under an assumed business name, the entity shall in accordance with rules made by the division:   (i) register the assumed name under this chapter; and     (ii) furnish proof that the assumed business name is filed with the Division of Corporations and Commercial Code pursuant to Title 42, Chapter 2, Conducting Business Under Assumed Name.       (b) The division may charge a fee established in accordance with Section 63J-1-504 for registering an assumed name as described in this Subsection (5).      Amended by Chapter 337, 2019 General Session
UT Code § 61-2c-203 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2c - Utah Residential Mortgage Practices and Licensing Act|Part 2 - Licensure|Section 203 - General qualifications for licensure.

61-2c-203. General qualifications for licensure.    (1) To qualify for licensure under this chapter, a person shall demonstrate through procedures established by rule made by the division in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act:   (a) financial responsibility;     (b) good moral character, honesty, integrity, and truthfulness; and     (c) the competence to transact the business of residential mortgage loans, including general fitness such as to command the confidence of the community and to warrant a determination that the person will operate honestly, fairly, and efficiently within the purposes of this chapter.       (2) If an applicant is an entity, the applicant may not have a control person who fails to meet the requirements of Subsection (1) for an individual applicant.     (3)   (a) The division shall determine whether an applicant with a criminal history qualifies for licensure.     (b) If the division, acting under Subsection (3)(a), denies or restricts a license or places a license on probation, the applicant may petition the commission for de novo review of the application.      Amended by Chapter 166, 2012 General Session
UT Code § 61-2c-206 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2c - Utah Residential Mortgage Practices and Licensing Act|Part 2 - Licensure|Section 206 - Lending manager licenses.

 Effective 5/9/2017  61-2c-206. Lending manager licenses.    (1) To qualify for licensure as a lending manager under this chapter, an individual shall:   (a) meet the standards in Section 61-2c-203;     (b) successfully complete the following education:   (i) mortgage loan originator prelicensing education as required by federal licensing regulations; and     (ii) 40 hours of Utah-specific prelicensing education for a lending manager that is approved by the division under Section 61-2c-204.1;       (c) successfully complete the following examinations:   (i) the mortgage loan originator licensing examination, including the national and uniform state test content, as approved by the nationwide database; and     (ii) the lending manager licensing examination approved by the commission under Section 61-2c-204.1;       (d) submit proof, on a form approved by the division, of three years of full-time active experience as a mortgage loan originator licensed in any state in the five years preceding the day on which the application is submitted, or equivalent experience as approved by the commission pursuant to rule that the division makes in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act;     (e) submit an application in a manner established by the division by rule;     (f) establish sponsorship with an entity licensed under this chapter;     (g) submit to the criminal background check required by Subsection 61-2c-202(1)(b); and     (h) pay a fee determined by the division under Section 63J-1-504.       (2) A lending manager may not:   (a) engage in the business of residential mortgage loans on behalf of more than one entity at the same time;     (b) be sponsored by more than one entity at the same time; or     (c) act simultaneously as the principal lending manager and branch lending manager for the individual's sponsoring entity, unless:   (i) the sponsoring entity does not originate Utah residential mortgage loans from the sponsoring entity's location; and     (ii) the sponsoring entity originates Utah residential mortgage loans from no more than one branch location.         (3) An individual who is a lending manager may:   (a) transact the business of residential mortgage loans as a mortgage loan originator; and     (b) be designated within the nationwide database to act for the individual's sponsoring entity as the principal lending manager, an associate lending manager, or a branch lending manager.      Amended by Chapter 182, 2017 General Session
UT Code § 61-2c-210 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2c - Utah Residential Mortgage Practices and Licensing Act|Part 2 - Licensure|Section 210 - Surrender of license.

 Effective 5/13/2014  61-2c-210. Surrender of license.    (1) The division may, by written agreement, accept the voluntary surrender of a license issued under this chapter.     (2) Tender and acceptance of a voluntary surrender of a license under Subsection (1):   (a) does not prevent the division from pursuing additional action, including disciplinary action, that relates to the surrendered license and is authorized by this chapter or by rules made under this chapter; and     (b) terminates all rights and privileges associated with the license.       (3) A person may restore the rights and privileges described in Subsection (2)(b) only if the person reapplies for, and is granted, licensure in accordance with the requirements described in this chapter.     (4) Any documentation relating to the tender and acceptance of a voluntary surrender is a public record.    Enacted by Chapter 350, 2014 General Session
UT Code § 61-2c-302 (2021)
2021 Utah Code|Title 61 - Securities Division - Real Estate Division|Chapter 2c - Utah Residential Mortgage Practices and Licensing Act|Part 3 - Operational Restrictions|Section 302 - Record requirements.

 Effective 5/8/2018  61-2c-302. Record requirements.    (1) For the time period specified in Subsection (2), a licensee shall make or possess any record required for that licensee by a rule made by the division.     (2) A licensee, or a person required to be licensed under this chapter, shall maintain and safeguard in the licensee's or the person's possession a record described in Subsection (1) for four years from the last to occur of the following:   (a) the final entry on a residential mortgage loan is made by that licensee;     (b) if the residential mortgage loan is serviced by the licensee:   (i) the residential mortgage loan is paid in full; or     (ii) the licensee ceases to service the residential mortgage loan; or       (c) if the residential mortgage loan is not serviced by the licensee, the residential mortgage loan is closed.       (3) A licensee shall, upon the division's request:   (a) make available to the division for inspection and copying during normal business hours all records required to be maintained under this chapter; and     (b) produce all records described in Subsection (3)(a) that are related to an investigation being conducted by the division at the division office for inspection and copying by the division.       (4) A licensee who is an entity shall maintain and produce for inspection by the division a current list of all individuals whose licenses are sponsored by the entity.     (5)   (a) A licensed entity shall:   (i) create, for each quarter of the fiscal year, a report of condition identifying all lending activities, including all loans closed by the entity's sponsored mortgage loan originators during the quarter;     (ii) provide each quarterly report of condition to the nationwide database no later than 75 days after the last day of the reporting quarter; and     (iii) maintain each report of condition submitted to the nationwide database as required by 12 U.S.C. Sec. 5104(e) for at least four years from the day on which the licensee submits the report of condition to the nationwide database.       (b) Upon request by the division, a mortgage loan originator shall produce a report of condition for inspection by the division.      Amended by Chapter 213, 2018 General Session