Section R58-7-7 - Satellite Video Livestock Market(1)(a) A person may apply to the department annually, on or before January 1, for an online production sale license to transact business as or with a satellite video livestock market.(b) The application described in Subsection R58-7-7(1)(a) shall include:(i) the nature of the business for which a license is desired;(ii) the name of the person applying for the license;(iii) the name and address of the proposed satellite video livestock market or the name and address of the satellite video livestock market the person proposes to transact business with; and(iv) other information the department may require as listed in Section 4-7-106.(2) The application for an online product sale license or a renewal of a license shall include: (a) a license fee set in accordance with Section 4-30-105, determined by the department pursuant to Subsection 4-2-103(2);(b) evidence of proper security bonding as required in Subsection 4-30-105(3) for the satellite video and Section 4-7-107;(c) a schedule of fees and commissions that the satellite video livestock market will charge owners, sellers, or their agents; and(d) other information the department may require as listed in Section 4-7-106.(3)(a) The department will consider each satellite video livestock market a temporary livestock sale unless licensed under this rule as a satellite video livestock market.(b) The department requires sales operated by a representative to apply as designated in Section R58-7-4.(4) Any representative shall supply a copy of each contract between the representative and the satellite video livestock market with which the representative proposes to transact business with to the department.(5)(a) The contract described in Subsection R58-7-7(4) shall include a provision authorizing the department to have access to the books, papers, accounts, and financial records held by financial institutions, accountants, or other sources.(b) Other documents relating to the activities of the satellite video livestock market and requiring the satellite video livestock market shall be reasonably available to the department.(c) If a representative and the satellite video livestock market terminate, rescind, breach, or materially alter the contract described in Subsection R58-7-7(4), the representative and the satellite video livestock market shall immediately notify the department.(d) The department shall consider it a failure to notify and a failure to keep and maintain suitable records and be a false entry or statement of fact in the application filed with the department, pursuant to Section 4-7-201.Amended by Utah State Bulletin Number 2022-15, effective 7/19/2022Adopted by Utah State Bulletin Number 2024-05, effective 2/14/2024