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2012 Utah Code
Title 61 - Securities Division - Real Estate Division
Article 2f - Real Estate Licensing and Practices Act
Section 502 - Definitions.

Universal Citation:
UT Code ยง 61-2f-502 (2012)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

61-2f-502. Definitions.

For purposes of this part:

(1) "Civil judgment" means a judgment in a civil action that:

(a) is awarded in an action brought against a real estate licensee on the basis of fraud, misrepresentation, or deceit in a real estate transaction; and

(b) awards actual damages.

(2) "Criminal restitution judgment" means a judgment that, in accordance with the Utah Code of Criminal Procedure, orders criminal restitution to a person and against a real estate licensee for a criminal offense involving fraud, misrepresentation, or deceit in a real estate transaction.

(3) "Final judgment" means one of the following judgments upon termination of the proceedings related to the judgment, including appeals:

(a) a civil judgment; or

(b) a criminal restitution judgment.

(4) "Fund" means the Real Estate Education, Research, and Recovery Fund created in Section 61-2f-503.


Renumbered and Amended by Chapter 379, 2010 General Session

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