61-2c-510. Money accumulated — Purpose.
- (1) The division may use money accumulated in the fund in excess of the amount necessary to satisfy claims to:
- (a) investigate violations of this chapter related to fraud; and
- (b) advance education and research in the field of residential mortgage loans.
- (2) The division may use the excess money described in Subsection (1) only in a manner consistent with Subsection (1), including for:
- (a) courses sponsored by the division;
- (b) courses offered by the division in conjunction with a university or college in Utah;
- (c) contracting for a research project for the state in the field of residential mortgage loans;
- (d) funding the salaries and training expenses of division staff members who are employed in positions related to the education of mortgage licensees;
- (e) funding the training expenses of division staff members who are employed in positions conducting investigations of complaints under this chapter; and
- (f) publishing and distributing educational materials to:
- (i) licensees; and
- (ii) applicants for licensure.
Amended by Chapter 325, 2007 General Session