Utah Code 31A-23a-1002. Regulation of affiliated business

31A-23a-1002. Regulation of affiliated business — Applicable law.

(1)	Except as provided in this part, for purposes of state law, Section 8 of RESPA governs an affiliated business arrangement involving a title entity.

Affiliated business: means the gross transaction revenue of a title entity's title insurance business in the state that is the result of an affiliated business arrangement. See Utah Code 31A-23a-1001
Affiliated business arrangement: means the same as that term is defined in 12 U. See Utah Code 31A-23a-1001
Division: means the Division of Real Estate created in Section 61-2-201. See Utah Code 31A-23a-1001
RESPA: means the federal Real Estate Settlement Procedures Act, 12 U. See Utah Code 31A-23a-1001
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
Title entity: means :

(a)	a title licensee as defined in Section 31A-2-402; or

(b)	a title insurer as defined in Section 31A-23a-415. See Utah Code 31A-23a-1001
(2)	The division shall enforce the provisions of this part, including Section 8 of RESPA.

(3)	In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the division may make rules necessary to implement the provisions of this part.

Enacted by Chapter 475, 2019 General Session

Technically renumbered for proper placement in chapter.

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