Additional license fee.

Utah Code § 61-2c-502, under Part 61-2c-5: Residential Mortgage Loan Education, Research, and Recovery Fund.

Utah Code § 61-2c-502

61-2c-502. Additional license fee.

(1) An individual who applies for or renews a license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee: determined by the division with the concurrence of the commission; and not to exceed $18.

(2) An entity that applies for or renews an entity license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee: determined by the division with the concurrence of the commission; and not to exceed $25. This Subsectionapplies: (2) notwithstanding that an entity is operating under an assumed name registered with the division as required by Subsection; and 61-2c-201(5) to each branch office of an entity that is licensed under this chapter.

(3) Notwithstanding Section, the following shall be paid into the fund to be used as provided in this part: 13-1-2 a fee provided in this section; a fee for certifying: a school as a certified education provider; a prelicensing or continuing education course; or a prelicensing or continuing education provider as an instructor; and a civil penalty imposed under this chapter.

(4) If the balance in the fund that is available to satisfy a judgment against a licensee decreases to less than $100,000, the division may make an additional assessment to a licensee to maintain the balance available at $100,000 to satisfy judgments.