Utah Amends Residential Mortgage Practices And Licensing Rules

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The Utah Division of Real Estate recently published amendments to provisions of the Residential Mortgage Practices and Licensing Rules.  The changes (i) remove the term “principal” from references to “principal lending manager” in conformity with the description used by the National Mortgage Licensing System, (ii) modify certain requirements for schools providing licensure-related courses, and (iii) impose a requirement that licensees annually complete a division-approved course on Utah law.

Topics:  Licensing Rules, Mortgages

Published In: Finance & Banking Updates, Residential Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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