Utah Administrative Code

The Utah Administrative Code is the body of all effective administrative rules as compiled and organized by the Division of Administrative Rules (see Subsection 63G-3-102(5); see also Sections 63G-3-701 and 702).

NOTE: For a list of rules that have been made effective since April 1, 2019, please see the codification segue page.

NOTE TO RULEFILING AGENCIES: Use the RTF version for submitting rule changes.


R343. Financial Institutions, Nondepository Lenders.

Rule R343-2. Mortgage Lenders, Brokers and Servicers Fees.

As in effect on April 1, 2019

Table of Contents

R343-2-1. Authority, Scope and Purpose.

(1) This rule is issued pursuant to Section 70D-2-203.

(2) This rule applies to mortgage lenders, brokers or servicers who are required to file a written notification with the commissioner.

(3) This rule establishes the annual notification renewal and examination fees.

R343-2-2. Definitions.

(1) "Commissioner" means the Commissioner of Financial Institutions.

(2) "Department" means the Department of Financial Institutions.

R343-2-3. Annual Notification Renewal Fee.

(1) Each person required to file an annual notification renewal shall pay the commissioner a fee of $100.

R343-2-4. Examination Fee.

(1) A mortgage lender, broker or servicer who is examined by the department shall pay the commissioner a per diem assessment calculated at the rate of $55 per hour:

(i) for each examiner; and

(ii) per hour worked.

KEY

mortgage

Date of Enactment or Last Substantive Amendment

December 22, 2009

Notice of Continuation

December 4, 2014

Authorizing, Implemented, or Interpreted Law

70D-3-102


Additional Information

Contact

For questions regarding the content or application of rules under Title R343, please contact the promulgating agency (Financial Institutions, Nondepository Lenders). A list of agencies with links to their homepages is available at http://www.utah.gov/government/agencylist.html or from http://www.rules.utah.gov/contact/agencycontacts.htm.