Current through the 2024 Fourth Special Session
Section 61-2c-510 - Money accumulated - Purpose(1) The division may use money accumulated in the fund in excess of the amount necessary to satisfy claims to: (a) investigate violations of this chapter related to fraud; and(b) advance education and research in the field of residential mortgage loans.(2) The division may use the excess money described in Subsection (1) only in a manner consistent with Subsection (1), including for: (a) courses sponsored by the division;(b) courses offered by the division in conjunction with a university or college in Utah;(c) contracting for a research project for the state in the field of residential mortgage loans;(d) funding the salaries and training expenses of division staff members who are employed in positions related to the education of mortgage licensees;(e) funding the training expenses of division staff members who are employed in positions conducting investigations of complaints under this chapter; and(f) publishing and distributing educational materials to:(ii) applicants for licensure.Amended by Chapter 325, 2007 General Session .