Renewal of license.

1. Law
2. Utah Code
3. Financial Institution Mortgage Financing Regulation Act
4. Financial Institution Loan Originator Licensing Act
5. Licensing Requirements and Procedures
6. Renewal of license.

• (1) A license issued under this chapter expires on December 31 of each year.

• (2) To qualify to renew a license under this chapter an individual shall:
  • (a) meet the requirements of Section 70D-3-202; and
  • (b) complete the annual continuing education requirements of Section 70D-3-303.

• (3) To renew a license under this chapter an individual shall:
  • (a) file an application with the commissioner in a form prescribed by the commissioner in rule;
  • (b) demonstrate that the individual continues to meet the requirements related to the nationwide database under 12 U.S.C. Sec. 5104;
  • (c) demonstrate completion of the continuing education requirements; and
  • (d) notwithstanding the requirements applicable to a regulatory fee under Section 63J-1-504, pay a fee of $100.

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