(1) 

Terms Used In Utah Code 61-2c-106

(i) a corporation;
(ii) a limited liability company;
(iii) a partnership;
(iv) a company;
(v) an association;
(vi) a joint venture;
(vii) a business trust;
(viii) a trust; or
(ix) another organization. See Utah Code 61-2c-102
  • Lending manager: means an individual licensed as a lending manager under Section 61-2c-206 to transact the business of residential mortgage loans. See Utah Code 61-2c-102
  • Licensee: means a person licensed with the division under this chapter. See Utah Code 61-2c-102
  • Nationwide database: means the Nationwide Mortgage Licensing System and Registry, authorized under federal licensing requirements. See Utah Code 61-2c-102
  • Person: means an individual or entity. See Utah Code 61-2c-102
  • Principal lending manager: means an individual:
    (i) licensed as a lending manager under Section 61-2c-206; and
    (ii) identified in the nationwide database by the individual's sponsoring entity as the entity's principal lending manager. See Utah Code 61-2c-102
    (a)  A person shall provide a physical location or street address when the person provides the nationwide database an address required by the division.

    (b)  The following when provided to and maintained within the division under this chapter is public information:

    (i)  a business address; or

    (ii)  a mailing address other than a home address, unless the person provides no other address.

    • (2)  A licensee is considered to have received a notification that is mailed to the last mailing address furnished to the nationwide database by:

    (a)  the individual, if the licensee is an individual; or

    (b)  the lending manager who is designated within the nationwide database to act as the principal lending manager for the entity, if the licensee is an entity.

    Amended by Chapter 292, 2013 General Session

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