Division authority to act upon receipt of petition.

  1. Law
  2. Utah Code
  3. Securities Division - Real Estate Division
  4. Real Estate Licensing and Practices Act
  5. Real Estate Education, Research, and Recovery Fund Act
  6. Division authority to act upon receipt of petition.

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  • (1) When the division is served a petition under Section 61-2f-506, the division may:
    • (a) file an answer to the petition in the court;
    • (b) initiate a review proceeding conducted by the division; or
    • (c) appear in any proceeding in the name of the defendant to the action or on behalf of the fund.
  • (2) The division may settle a claim against the fund if:
    • (a) the person who brings the claim requests a settlement; and
    • (b) the court in which the petition is filed approves the settlement.




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