No. 32130: R162-208. Continuing Education  

  • DAR File No.: 32130
    Filed: 11/10/2008, 04:04
    Received by: NL

    NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

    Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

    Subsection 61-2c-104(7) requires the Utah Residential Mortgage Regulatory Commission to establish continuing education requirement for Utah mortgage licensees. This rule establishes the state requirements for continuing education for Utah mortgage licensees.

    Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

    The Division has received no comments supporting or opposing this rule.

    Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

    The Commission is required to establish continuing education requirements for Utah mortgage licensees. This rule complies with the statutory mandate. In addition, continuing education improves the quality of mortgage loan originations in Utah.

    The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

    Commerce
    Real Estate
    HEBER M WELLS BLDG
    160 E 300 S
    SALT LAKE CITY UT 84111-2316

    Direct questions regarding this rule to:

    Mark Steinagel at the above address, by phone at 801-530-6744, by FAX at 801-530-6749, or by Internet E-mail at msteinagel@utah.gov

    Authorized by:

    Mark Steinagel, Director

Document Information

Publication Date:
12/01/2008
Filed Date:
11/10/2008
Agencies:
Commerce,Real Estate
Authorized By:
Mark Steinagel, Director
DAR File No.:
32130
Related Chapter/Rule NO.: (1)
R162-208. Continuing Education.