™Your Policy Risk Impact Agent
20 chapters · 367 sections in this title.
Utah Code § 7-22-101 Definitions -- Exemptions.
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7-22-101. Definitions -- Exemptions. (1) As used in this chapter: "Escrow" means an agreement, express or implied, that provides for one or more parties to deliver or entrust money, a certificate of deposit, a security, a negotiable instrument, a deed, or other property or asset …
Utah Code § 7-22-102 Authorization required.
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7-22-102. Authorization required. Without prior authorization by the department, no person may perform escrow services, offer to perform escrow services, advertise that it performs escrow services, use the word "escrow" in a business name, or do any other thing that might reasona…
Utah Code § 7-22-103 Registration -- Fees -- Qualifications -- Rulemaking.
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7-22-103. Registration -- Fees -- Qualifications -- Rulemaking. (1) An escrow agent shall register with the department annually on or before December 31 of each year and pay a registration fee of $100. Registration of an escrow agent in accordance with this section includes all d…
Utah Code § 7-22-104 Net worth requirements.
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7-22-104. Net worth requirements. An escrow agent shall at all times maintain a positive net worth no less than the greater of $50,000 or 10% of the agent's average daily escrow liabilities during the preceding 12 months, or during all preceding operations if less than 12 months.…