70C-8-203. Fees — Examinations.
| (1) |
A party required to file notification under Section 70C-8-202 shall, on or before January 31 of each year, pay to the department an annual fee of $100. |
Terms Used In Utah Code 70C-8-203
- department: means the Department of Financial Institutions. See Utah Code 70C-8-101
- Party: means an individual and any other entity legally capable of entering into a binding contract. See Utah Code 70C-1-302
| (2) |
In addition to filing notification, a party subject to this part, and a depository institution subject to this title:
| (a) |
may be required to make a book or record relating to a consumer credit transaction available to the department or its authorized representative for examination; and |
| (b) |
shall pay to the department a fee to be set by the department based on an hourly rate per each examiner. |
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| (3) |
No portion of a fee paid or owed to the department under this part is refundable because a party voluntarily or involuntarily ceases to extend credit to consumers:
| (a) |
during the period covered by the fee; or |
| (b) |
before the time of an examination by the department of a book or record pertaining to a preceding consumer credit transaction. |
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Amended by Chapter 97, 2014 General Session
