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Utah Administrative Code (Current through November 1, 2019) |
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R343. Financial Institutions, Nondepository Lenders |
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R343-6. Mortgage Loan Originator Challenge of Nationwide Database Information |
| R343-6-1. Authority, Scope and Purpose |
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Latest version.
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(1) This rule is issued pursuant to Section 70D-3-206. (2) This rule applies to mortgage loan originators who are required to license with the department. (3) This rule establishes the procedure to challenge information in the nationwide database. |
| R343-6-2. Challenging Information Entered by the Department in the Nationwide Database |
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Latest version.
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(1) A mortgage loan originator or applicant may challenge the factual accuracy of information entered by the department into the nationwide database. (2) The challenge must be in writing and delivered to the commissioner. The challenge must clearly state what information is being contested and include supporting evidence. (3) The commissioner may cause the appropriate supervisor to make an investigation and consider the merits of the challenge and provide a written response. |