§ 70D-3-103. General powers and duties of commissioner.

Subject to this chapter: (1) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the commissioner may make rules authorized by this chapter, including: (a) providing for an interim procedure for: (i) licensing; and (ii) acceptance of an application; and (b) coordination between filings required under this chapter and: (i) Title 70C, Utah Consumer Credit Code; or (ii) Chapter 2, Mortgage Lending and Servicing Act. (2) The commissioner may enter into a relationship or contract with the nationwide database or another entity designated by the nationwide database to do the following related to a licensee or other person subject to this chapter: (a) collect or maintain a record; and (b) process a transaction fee or other fee. (3) The commissioner shall regularly report the following to the nationwide database: (a) a violation of this chapter; (b) disciplinary action under Section 70D-3-501; and (c) other information relevant to this chapter.