Section 202 – Qualifications for licensure.
70D-3-202. Qualifications for licensure. To qualify for a license under this chapter an individual shall comply with all of the following, the individual: (1) shall comply with 12 U.S.C. Sec. 5104 to register with and maintain a unique identifier through the nationwide database; (2) may not have had a loan originator license revoked in a […]
Section 203 – Initial licensure procedure.
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 […]
Section 204 – Renewal of license.
70D-3-204. Renewal of license. (1) A license issued under this chapter expires on December 31 of each year. (2) To qualify to renew a license under this chapter an individual shall: (a) meet the requirements of Section 70D-3-202; and (b) complete the annual continuing education requirements of Section 70D-3-303. (3) To renew a license under […]
Section 103 – General powers and duties of commissioner.
70D-3-103. General powers and duties of commissioner. 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 […]