Enforcement by department -- Rulemaking.

1. Law
2. Utah Code
3. Financial Institutions Act
4. Title Lending Registration Act
5. Enforcement
6. Enforcement by department -- Rulemaking.

• (1) Subject to the requirements of Title 63G, Chapter 4, Administrative Procedures Act, the department may:
  • (a) receive and act on complaints;
  • (b) take action designed to obtain voluntary compliance with this chapter; or
  • (c) commence administrative or judicial proceedings on its own initiative to enforce compliance with this chapter.

• (2) The department may:
  • (a) counsel persons and groups on their rights and duties under this chapter;
  • (b) make rules to:
    • (i) restrict or prohibit lending or servicing practices that are misleading, unfair, or abusive;
    • (ii) promote or assure fair and full disclosure of the terms and conditions of agreements and communications between title lenders and customers; or
    • (iii) promote or assure uniform application of or to resolve ambiguities in applicable state or federal laws or federal regulations; and
  • (c) employ hearing examiners, clerks, and other employees and agents as necessary to perform the department's duties under this chapter.

Download our app to see the most-to-date content.