Browse 6,137 source-backed statutes, open stored provisions and move directly into source-grounded legal research.
6,137 statutes · page 286 of 307
United States — Utah legislation
20 statutes shown from 6,137 source-backed records
Action for injunction against commissioner in possession -- Procedure -- Appeal. Whenever any institution or other person of which the commissioner has taken possession considers itself aggrieved by the taking, it may within 10 days after
An institution or other person may resume business only with the commissioner’s consent and on conditions approved by the commissioner.
Courts may not appoint a receiver or file an assignment for creditors for covered institutions or persons without notice to the commissioner, unless urgent necessity to preserve assets is found.
The commissioner controls notice and claim handling after taking possession of an institution, including deadlines for filing claims, allowance or disallowance, and objections.
Stay of proceedings against institution -- Relief. Except as otherwise specified, a taking of an institution or other person by the commissioner or a receiver or liquidator appointed by the commissioner under this chapter operates as a
Special deputies or agents -- Appointment -- Bond. The commissioner may appoint one or more special deputies or agents to assist the commissioner in the proceedings. The commissioner may fix the compensation of any agent appointed to
Conservatorship, receivership, or liquidation of institution -- Appointment of receiver -- Review of actions. Upon taking possession of the institution, the commissioner may appoint a receiver to perform the duties of the commissioner.
This section defines “escrow,” “escrow agent,” and “Nationwide database,” and states that this chapter does not apply to several listed entities and licensees.
A person may not engage in escrow-services-related conduct without prior authorization from the department.
An escrow agent must register with the department each year by December 31 and pay a $100 fee.
An escrow agent must maintain a positive net worth at all times.
Escrow agents must file a surety bond with the commissioner before providing escrow services, with the bond amount set by the agent’s average escrow liability.
Escrow agents must keep specified books, accounts, and records at their main office, maintain them under GAAP and good business practice, reconcile records at least monthly, and retain certain account records for six years.
The department may examine an escrow agent at any time, and escrow agents must pay per diem assessment costs tied to the examination.
Escrow agents must keep escrow funds in separate federally insured trust accounts and may use or distribute earnings only as the escrow agreement allows.
If specified insolvency events occur for an escrow agent, claims for losses relating to escrowed funds or property receive the same priority as depositor claims under Section 7-2-15.
Title. This chapter is known as the "Check Cashing and Deferred Deposit Lending Registration Act."
This section defines terms used in the chapter, including check cashing, deferred deposit lending, deferred deposit loans, electronic payment, nationwide database, refinance, and rollover.
Certain depository institutions and some check-cashing transactions are exempt from this chapter’s requirements.
This chapter does not limit civil liability against a check casher or deferred deposit lender.
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