2011 Utah Code
Title 61 Securities Division - Real Estate Division
Chapter 2c Utah Residential Mortgage Practices and Licensing Act
Section 203 General qualifications for licensure.

61-2c-203. General qualifications for licensure.
(1) To qualify for licensure under this chapter, a person shall demonstrate through procedures established by rule made by the division in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act:
(a) financial responsibility;
(b) good moral character, honesty, integrity, and truthfulness; and
(c) the competence to transact the business of residential mortgage loans, including general fitness such as to command the confidence of the community and to warrant a determination that the person will operate honestly, fairly, and efficiently within the purposes of this chapter.
(2) If an applicant is an entity, the applicant may not have a control person who fails to meet the requirements of Subsection (1) for an individual applicant.