Reporting by commissioner.

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  • (1) Subject to Subsection (2), as part of the commissioner's annual report to the governor and Legislature under Section 7-1-211, the commissioner shall report to the governor and Legislature on the operations on an aggregate basis of deferred deposit lenders operating in the state.
  • (2) In preparing the report required by Subsection (1), the commissioner:
    • (a) shall include in the report for the immediately preceding calendar year aggregate information from the one or more operations statements filed under Subsection 7-23-201(2)(e) by deferred deposit lenders for that calendar year;
    • (b) shall include in the report:
      • (i) the total number of written complaints concerning issues material to deferred deposit loan transactions received by the department in a calendar year from persons who have entered into a deferred deposit loan with a deferred deposit lender;
      • (ii) for deferred deposit lenders who are registered with the department:
        • (A) the number of the complaints described in Subsection (2)(b)(i) that the department considers resolved; and
        • (B) the number of the complaints described in Subsection (2)(b)(i) that the department considers unresolved; and
      • (iii) for deferred deposit lenders who are not registered with the department:
        • (A) the number of the complaints described in Subsection (2)(b)(i) that the department considers resolved; and
        • (B) the number of the complaints described in Subsection (2)(b)(i) that the department considers unresolved;
    • (c) may not include in the report information from an operations statement filed with the department that could identify a specific deferred deposit lender; and
    • (d) may not include in the report information from an operations statement filed under Subsection 7-23-201(2)(f).




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