Current through the 2024 Fourth Special Session
Section 13-57-201 - Maintenance funding provider registration and registration renewal(1) Except as provided in Subsection (4), a business entity may not act as a maintenance funding provider in this state without registering with the division.(2) To register as a maintenance funding provider, a business entity shall submit to the division an application for registration:(a) in the manner the division determines; and(b) that includes: (i) an application fee in an amount determined by the division in accordance with Sections 13-1-2 and 63J-1-504; and(ii) anything else the division requires as established in rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.(3) Each year a maintenance funding provider shall renew the maintenance funding provider's registration by submitting to the division an application for registration renewal: (a) in the manner the division determines; and(b) that includes: (i) an application fee in an amount determined by the division in accordance with Sections 13-1-2 and 63J-1-504; and(ii) anything else the division requires as established in rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.(4) A business entity who acts as a maintenance funding provider in the state between May 12, 2019, and May 12, 2020, is permitted to continue to act as a maintenance funding provider: (a) if the person: (i) applies for registration in accordance with this section; and(ii) complies with the requirements of this chapter; and(b) until the division makes a determination regarding the person's application for registration under this section.Added by Chapter 118, 2020 General Session ,§ 4, eff. 5/12/2020.