2006 Utah Code - 70D-1-12 — Notification fees -- Examination fees -- Fees not refundable.

     70D-1-12.   Notification fees -- Examination fees -- Fees not refundable.
     (1) (a) Each person required to file notification shall pay a fee of $200 to the department with its initial notification, and shall thereafter pay to the department, on or before January 31 of each year, an annual fee in an amount to be set by rule of the department.
     (b) The department shall set the annual renewal fee at an amount which will generate sufficient revenue to cover the department's costs of administering this chapter, but in no event shall the fee exceed $100 per renewal.
     (2) If the department has probable cause to believe that a mortgage lender, broker, or servicer has violated the provisions of this chapter, the department may require the lender, broker, or servicer to make any or all of its books and records relating to its activities as a lender, broker, or servicer available to the department or its authorized representative for examination, and to reimburse the department for any travel and other reasonable and necessary costs incurred in the examination, and pay to the department a fee set by the department based on an hourly rate per each examiner, not to exceed $320 per day per examiner.
     (3) No portion of any fees paid or owed to the department under this section are refundable because a person voluntarily or involuntarily ceases to do business as a mortgage lender, broker, or servicer during the period covered by the fee or prior to the time of an examination by the department of records pertaining to preceding transactions.

Enacted by Chapter 172, 1990 General Session