DAR File No. 43248
This notice was published in the November 1, 2018, issue (Vol. 2018, No. 21) of the Utah State Bulletin.
Financial Institutions, Administration
Rule R331-25
Rule Governing Debt Cancellation and Debt Suspension Agreements Issued by Depository Institutions, Who Are Under the Jurisdiction of the Department of Financial Institutions
Five-Year Notice of Review and Statement of Continuation
DAR File No.: 43248
Filed: 10/11/2018 09:29:43 AM
NOTICE OF REVIEW AND STATEMENT OF CONTINUATION
Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:
Subsection 7-1-324(2) authorizes any member of a class of depository institution, that is subject to the jurisdiction of the Department of Financial Institutions (Department), to issue a debt cancellation or a debt suspension agreement pursuant to a rule issued by the commissioner.
Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:
No supporting or opposing written comments have been received by the agency concerning this rule.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
This rule regulates depository institutions authorized to issue a debt cancellation or a debt suspension agreement. Therefore, this rule should be continued.
The full text of this rule may be inspected, during regular business hours, at the Office of Administrative Rules, or at:
Financial InstitutionsAdministrationRoom 201
324 S STATE ST
SALT LAKE CITY, UT 84111-2393
Direct questions regarding this rule to:
- Paul Allred at the above address, by phone at 801-538-8854, by FAX at 801-538-8894, or by Internet E-mail at [email protected]
Effective:
10/11/2018
Authorized by:
Edward Leary, Commissioner
Additional Information
More information about a Five-Year Notice of Review and Statement of Continuation is available online.
The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull_pdf/2018/b20181101.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version.
For questions regarding the content or application of this rule, please contact Paul Allred at the above address, by phone at 801-538-8854, by FAX at 801-538-8894, or by Internet E-mail at [email protected]. For questions about the rulemaking process, please contact the Office of Administrative Rules.