Utah Code § 53-2a-609

Current with legislation effective through 5/2/2024

Section 53-2a-609 - Division to make rules to administer the loan program

In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the division shall make rules establishing:

(1) form, content, and procedure for loan and grant applications;

(2) criteria and procedures for prioritizing loan and grant applications;

(3) requirements and procedures for securing loans and grants;

(4) procedures for making loans;

(5) procedures for administering and ensuring repayment of loans, including late payment penalties; and

(6) procedures for recovering on defaulted loans.

Utah Code § 53-2a-609

Added by Chapter 134, 2016 General Session ,§ 5, eff. 5/10/2016.