Money accumulated -- Purpose.

Utah Code § 61-2c-510, under Part 61-2c-5: Residential Mortgage Loan Education, Research, and Recovery Fund.

Utah Code § 61-2c-510

61-2c-510. Money accumulated -- Purpose.

(1) The division may use money accumulated in the fund in excess of the amount necessary to satisfy claims to: investigate violations of this chapter related to fraud; and advance education and research in the field of residential mortgage loans.

(2) The division may use the excess money described in Subsectiononly in a manner consistent with Subsection, including for: (1) (1) courses sponsored by the division; courses offered by the division in conjunction with a university or college in Utah; contracting for a research project for the state in the field of residential mortgage loans; funding the salaries and training expenses of division staff members who are employed in positions related to the education of mortgage licensees; funding the training expenses of division staff members who are employed in positions conducting investigations of complaints under this chapter; and publishing and distributing educational materials to: licensees; and applicants for licensure.