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2012 Utah Code
Title 61 - Securities Division - Real Estate Division
Article 2c - Utah Residential Mortgage Practices and Licensing Act
Section 501 - Fund created.
UT Code § 61-2c-501 (2012) What's This?
61-2c-501. Fund created.
(1) There is created an expendable special revenue fund known as the "Residential Mortgage Loan Education, Research, and Recovery Fund."
(2) The interest earned on the fund shall be deposited into the fund.
(3) At the beginning of each fiscal year, the division shall make available
$100,000 in the fund to satisfy final judgments rendered against a person licensed under this chapter.
Amended by Chapter 400, 2013 General Session
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