70D-3-303. Continuing education.
(1) A licensee shall annually complete at least the number of hours of continuing education required by rule made by the commissioner.
(2) The commissioner shall make the rules described in Subsection: (1) in accordance with; and Title 63G, Chapter 3, Utah Administrative Rulemaking Act subject to the requirements of this Subsection. (2) The rules described in Subsectionshall require that an individual complete each calendar year: (1) eight hours of continuing education approved by the nationwide database; as part of the eight hours required by Subsection: (2)(b)(i) three hours of federal law and regulations; and two hours of ethics that include instruction on: fraud; consumer protection; and fair lending issues; and two hours of training related to lending standards for the nontraditional mortgage product marketplace.
(3) The commissioner shall by rule made in accordance with, provide for the calculation of continuing education hours, except that the rules shall be consistent with 12 U.S.C. Sec. 5105. Title 63G, Chapter 3, Utah Administrative Rulemaking Act