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Home » 2018 Issues » Vol. 2018, No. 21 (11/01/2018) » No. 43248 (5-year Review): Rule R331-25. Rule Governing Debt Cancellation and Debt Suspension Agreements Issued by Depository Institutions, Who Are Under the Jurisdiction of the Department of Financial Institutions

  No. 43248 (5-year Review): Rule R331-25. Rule Governing Debt Cancellation and Debt Suspension Agreements Issued by Depository Institutions, Who Are Under the Jurisdiction of the Department of Financial Institutions  

  • DAR File No.: 43248
    Filed: 10/11/2018 09:29:43 AM

    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 7-1-324(2) authorizes any member of a class of depository institution, that is subject to the jurisdiction of the Department of Financial Institutions (Department), to issue a debt cancellation or a debt suspension agreement pursuant to a rule issued by the commissioner.

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

    No supporting or opposing written comments have been received by the agency concerning this rule.

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

    This rule regulates depository institutions authorized to issue a debt cancellation or a debt suspension agreement. Therefore, this rule should be continued.

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

    Financial Institutions
    AdministrationRoom 201
    324 S STATE ST
    SALT LAKE CITY, UT 84111-2393

    Direct questions regarding this rule to:

    Effective:

    10/11/2018

    Authorized by:

    Edward Leary, Commissioner

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Document Information

Effective Date:
10/11/2018
Publication Date:
11/01/2018
Type:
Five-Year Notices of Review and Statements of Continuation
Filed Date:
10/11/2018
Agencies:
Financial Institutions, Administration
Authorized By:
Edward Leary, Commissioner
DAR File No.:
43248
Summary:

No supporting or opposing written comments have been received by the agency concerning this rule.

CodeNo:
R331-25
CodeName:
{29381|R331-25|R331-25. Rule Governing Debt Cancellation and Debt Suspension Agreements Issued by Depository Institutions, Who Are Under the Jurisdiction of the Department of Financial Institutions}
Link Address:
Financial InstitutionsAdministrationRoom 201 324 S STATE STSALT LAKE CITY, UT 84111-2393
Link Way:

Paul Allred, by phone at 801-538-8854, by FAX at 801-538-8894, or by Internet E-mail at pallred@utah.gov

AdditionalInfo:
More information about a Five-Year Notice of Review and Statement of Continuation is available online. The Portable Document Format (PDF) version of the Bulletin is the official version. The PDF version of this issue is available at https://rules.utah.gov/publicat/bull_pdf/2018/b20181101.pdf. The HTML edition of the Bulletin is a convenience copy. Any discrepancy between the PDF version and HTML version is resolved in favor of the PDF version. For questions regarding the content or ...
Related Chapter/Rule NO.: (1)
R331-25. Rule Governing Debt Cancellation and Debt Suspension Agreements Issued by Depository Institutions, Who Are Under the Jurisdiction of the Department of Financial Institutions.