2006 Utah Code - 31A-2-403 — Title and Escrow Commission created.

     31A-2-403.   Title and Escrow Commission created.
     (1) (a) There is created within the department the Title and Escrow Commission that is comprised of five members appointed by the governor with the consent of the Senate as follows:
     (i) four members shall:
     (A) be or have been licensed under the title insurance line of authority; and
     (B) as of the day on which the member is appointed, be or have been licensed with the search or escrow subline of authority for at least five years; and
     (ii) one member shall be a member of the general public.
     (b) No more than one commission member may be appointed from:
     (i) any given county in the state; or
     (ii) any single company.
     (2) (a) Except as required by Subsection (2)(b), as terms of current commission members expire, the governor shall appoint each new member to a four-year term ending on June 30.
     (b) Notwithstanding the requirements of Subsection (2)(a), the governor shall, at the time of appointment, adjust the length of terms to ensure that the terms of the commission members are staggered so that approximately half of the commission is appointed every two years.
     (c) A commission member may not serve more than one consecutive term.
     (d) When a vacancy occurs in the membership for any reason, a replacement shall be appointed for the unexpired term.
     (3) (a) A member of the commission shall receive no compensation or benefits for the member's services, but may receive per diem and expenses incurred in the performance of the member's official duties at the rates established by the Division of Finance under Sections 63A-3-106 and 63A-3-107.
     (b) A member may decline to receive per diem and expenses for the member's service.
     (4) Members of the commission shall annually select one member to serve as chair.
     (5) (a) The commission shall meet at least monthly.
     (b) The commissioner may call additional meetings:
     (i) at the commissioner's discretion;
     (ii) upon the request of the chair of the commission; or
     (iii) upon the written request of three or more commission members.
     (c) (i) Three members of the commission constitute a quorum for the transaction of business.
     (ii) The action of a majority of the members when a quorum is present is the action of the commission.
     (6) The department shall staff the commission.

Enacted by Chapter 185, 2005 General Session