13-57-201. Maintenance funding provider registration and registration renewal.
(1)(a) A person may not act as a consumer maintenance funding provider in this state without registering with the division.
(b) A person who regularly engages as a commercial maintenance funding provider may not act as a commercial maintenance funding provider in this state without registering with the division.
(2) To register as a maintenance funding provider, a person shall submit to the division an application for registration:
(a) in the manner the division determines; and
(b) that includes:
(i) an application fee in an amount the division determines in accordance with Sections 13-1-2 and 63J-1-504; and
(ii) anything else the division requires as established in rule the division makes in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.
(3) A registration of a consumer maintenance funding provider under this chapter is effective for one year after the day on which the division issues the registration.
(4) Each year a maintenance funding provider shall renew the maintenance funding provider's registration by submitting to the division an application for registration renewal:
(a) in the manner the division determines; and
(b) that includes:
(i) an application fee in an amount determined by the division in accordance with Sections 13-1-2 and 63J-1-504; and
(ii) anything else the division requires as established in rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.
(5) To renew a consumer maintenance funding provider registration in accordance with this section, a consumer maintenance funding provider shall submit a registration renewal application to the division at least 30 days before the day on which the consumer maintenance funding provider's registration expires.
(6) A consumer maintenance funding provider shall update registration information within 30 days after the day on which information the consumer maintenance funding provider provides on the application becomes incorrect or incomplete.