Effective 5/10/2016 57-29-302. Rulemaking. In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, and consistent with this chapter, the commission, with concurrence by the division, may make rules governing: (1) the form of the disclosures required under this chapter; and (2) enforcement of the provisions of this chapter. Enacted by Chapter 381, 2016 […]
Effective 5/10/2016 57-29-303. Investigatory powers and proceedings of division. (1) The division may: (a) conduct a public or private investigation to determine whether a person has violated or is about to violate a provision of this chapter; and (b) require or allow a person to file a written statement with the division that relates to […]
Effective 5/10/2016 57-29-304. Enforcement. (1) (a) If the director believes that a person has been or is engaging in conduct that violates this chapter, the director: (i) shall issue and serve upon the person a cease and desist order; and (ii) may order the person to take any action necessary to carry out the purposes […]
Effective 5/10/2016 57-29-305. Voidable agreements. (1) (a) If a sponsor violates a provision of this chapter in entering into an agreement to purchase an undivided fractionalized long-term estate, the purchaser may rescind the agreement. (b) A purchaser may rescind an agreement under this Subsection (1) at any time before the closing. (2) A purchaser who […]
