§ 70D-3-201. Licensing required -- Exemptions.
UtahStatutes
Ask Donna
How this section applies to your facts.
Utah Code › Title 70D › Chapter 70D-3 › § 70D-3-201
Text
(1) (a) On or after January 1, 2011, except as provided in Subsection (2), an individual described in Subsection (1)(b) may not engage in the business of a loan originator unless that individual: (i) is licensed under this chapter; or (ii) is a registered loan originator. (b) This Subsection (1) applies to an employee or agent of: (i) a depository institution; (ii) a subsidiary of a depository institution; or (iii) an affiliate of a depository institution. (2) An individual described in Subsection (1)(b) may engage in the business of a loan originator without being licensed under this chapter or a registered loan originator when acting as a loan processor or underwriter.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.