2011 Utah Code
Title 70D Financial Institution Mortgage Financing Regulation Act
Chapter 3 Financial Institution Loan Originator Licensing Act
Section 203 Initial licensure procedure.

70D-3-203. Initial licensure procedure.
(1) To apply for licensure under this chapter an individual shall:
(a) file an application with the commissioner in a form prescribed by the commissioner in rule;
(b) demonstrate that the individual provided the information to the nationwide database required by 12 U.S.C. Sec. 5104;
(c) provide the commissioner the individual's unique identifier;
(d) consent to the commissioner receiving information obtained by the nationwide database under 12 U.S.C. Sec. 5104, including the results of a criminal history background check; and
(e) notwithstanding the requirements applicable to a regulatory fee under Section 63J-1-504, pay a fee of $200.
(2) The commissioner shall grant an individual a license if the commissioner finds that the individual complies with:
(a) Subsection (1); and
(b) the qualifications for a license under Section 70D-3-202.
(3) Subject to this chapter, the commissioner may make rules in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, concerning:
(a) the form of an application under this chapter;
(b) the content of an application under this chapter; and
(c) the procedures for filing an application under this chapter.