2006 Utah Code - 7-24-201 — Registration -- Rulemaking.

     7-24-201.   Registration -- Rulemaking.
     (1) (a) It is unlawful for a person to extend a title loan in Utah or with a Utah resident unless the person:
     (i) registers with the department in accordance with this chapter; and
     (ii) maintains a valid registration.
     (b) It is unlawful for a person to operate a mobile facility in this state to extend a title loan.
     (c) Notwithstanding Subsection (1)(a), a person that is a title lender in this state on May 5, 2003, is not required to be registered under this section until July 1, 2003.
     (2) (a) A registration and a renewal of a registration expires on April 30 of each year unless on or before that date the person renews the registration.
     (b) To register under this section, a person shall:
     (i) pay an original registration fee established under Subsection 7-1-401(8); and
     (ii) submit a registration statement containing the information described in Subsection (2)(d).
     (c) To renew a registration under this section, a person shall:
     (i) pay the annual fee established under Subsection 7-1-401(5); and
     (ii) submit a renewal statement containing the information described in Subsection (2)(d).
     (d) A registration or renewal statement shall state:
     (i) the name of the person;
     (ii) the name in which the business will be transacted if different from that required in Subsection (2)(d)(i);
     (iii) the address of the person's principal business office, which may be outside this state;
     (iv) the addresses of all offices in this state at which the person extends title loans;
     (v) if the person extends title loans in this state but does not maintain an office in this state, a brief description of the manner in which the business is conducted;
     (vi) the name and address in this state of a designated agent upon whom service of process may be made;
     (vii) disclosure of any injunction, judgment, administrative order, or conviction of any crime involving moral turpitude with respect to that person or any officer, director, manager, operator, or principal of that person; and
     (viii) any other information required by the rules of the department.
     (3) If the information in a registration or renewal statement required under Subsection (2) becomes inaccurate after filing, a person is not required to notify the department until:
     (a) that person is required to renew the registration; or
     (b) the department specifically requests earlier notification.
     (4) In accordance with Title 63, Chapter 46a, Utah Administrative Rulemaking Act, the department may make rules consistent with this section providing for the form, content, and filing of a registration and renewal statement.

Enacted by Chapter 236, 2003 General Session

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