Utah Code § 7-25-205
Issuance of license
Utah · Utah Code Title 7 — Financial Institutions Act · Status: effective
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- Citation
- Utah Code § 7-25-205, Issuance of license, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2324618
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Full text
(1) Upon the filing of a complete application, the commissioner shall investigate the financial condition and responsibility, financial and business experience, character, and general fitness of the applicant. The commissioner may conduct an on-site investigation of the applicant, the reasonable cost of which is to be borne by the applicant in accordance with Subsection 7-1-401(6).
(2) The commissioner shall issue a license to the applicant authorizing the applicant to engage in the licensed activities in this state if the commissioner finds that:
(a) the applicant's business will be conducted honestly, fairly, and in a manner commanding the confidence and trust of the community;
(b) the applicant has fulfilled the requirements imposed by this chapter; and
(c) the applicant has paid the required original license fee under Section 7-1-401.