Section R592-8-5 - Request for Exemption Process(1) An individual title licensee, who is an attorney seeking an agency title insurance producer license under Subsection 31A-23a-204(1)(c), shall submit a letter addressed to the Commission: (a) requesting an exemption from the licensing time period requirements in Subsection 31A-23a-204(1)(a); and(b) providing the following information: (i) the applicant's name, mailing address, email address, telephone number, and title license number;(ii) a description of the applicant's real estate experience; and(iii) a statement explaining why the applicant feels the experience qualifies the applicant for the exemption.(2) The commissioner shall review the request for exemption within five business days of its receipt, and: (a) request additional information from the applicant, if necessary;(b) preliminarily approve the request for exemption; or(c) preliminarily disapprove the request for exemption. (3) The commissioner shall report monthly to the Commission any preliminarily approved or denied requests for exemption received and reviewed . (4) The Commission shall concur or not concur with the commissioner's preliminary approval or denial of a request for exemption.(5) If the commissioner's preliminary denial of a request for exemption is concurred with by the Commission, the commissioner will:(a) notify the applicant of the denial; and(b) inform the applicant of the applicant's right to a hearing.(6) If the Commission concurs with the commissioner's preliminary approval of a request for exemption , the commissioner will expeditiously notify the applicant to submit an electronic license application and pay any required fee or assessment.(7) If the Commission does not concur with the commissioner's preliminary approval or preliminary denial, the applicant shall be informed of the applicant's right to a hearing.Utah Admin. Code R592-8-5
Amended by Utah State Bulletin Number 2021-21, effective 10/12/2021