Utah Code § 61-2c-501

Current through the 2024 Fourth Special Session

Section 61-2c-501 - Fund created

(1) There is created an expendable special revenue fund known as the "Residential Mortgage Loan Education, Research, and Recovery Fund."

(2) The interest earned on the fund shall be deposited into the fund.

(3) At the beginning of each fiscal year, the division shall make available

$100,000 in the fund to satisfy final judgments rendered against a person licensed under this chapter.

Utah Code § 61-2c-501

Amended by Chapter 400, 2013 General Session ,§ 36, eff. 5/14/2013.

Amended by Chapter 379, 2010 General Session