2006 Utah Code - 70C-8-203 — Fees -- Examinations.

     70C-8-203.   Fees -- Examinations.
     (1) A party required to file notification shall, on or before January 31 of each year, pay to the department an annual fee of $25 plus $7 for each $100,000 or part thereof in excess of $100,000, of the original principal balance of all consumer credit it extended during the preceding calendar year.
     (2) In addition to filing notification, any party subject to this part, and any depository institution subject to this title, may be required to make any or all of its books and records relating to consumer credit transactions available to the department or its authorized representative for examination, and shall pay to the department a fee to be set by the department based on an hourly rate per each examiner.
     (3) No portion of any fees paid or owed to the department under this part are refundable because the party voluntarily or involuntarily ceases to extend credit to consumers during the period covered by the fee or prior to the time of an examination by the department of records pertaining to preceding consumer credit transactions.

Enacted by Chapter 159, 1985 General Session