DAR File No. 29317

Commerce, Real Estate

R162-203

Changes to Residential Mortgage Licensure Statement

FIVE-YEAR NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

DAR File No.: 29317
Filed: 12/13/2006, 03:40
Received by: NL

NOTICE OF REVIEW AND STATEMENT OF CONTINUATION

Concise explanation of the particular statutory provisions under which the rule is enacted and how these provisions authorize or require the rule:

Section 61-2c-205 requires licensees to notify the Division of certain changes in their licensure. Subsection 61-2c-103(3)(a) requires the Division of Real Estate to make rules for the administration of the chapter, including licensing procedures for individuals and entities. Rule R162-203 provides procedures for reporting that various types of licensure changes to the Division.

Summary of written comments received during and since the last five-year review of the rule from interested persons supporting or opposing the rule:

No written comments have been received.

Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:

The Division is required by Subsection 61-2c-103(3)(a) to make rules for the administration of the chapter, including licensure procedures for individuals and entities. This rule helps to carry out that mandate. Therefore, this rule should be continued.

The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:

Commerce
Real Estate
HEBER M WELLS BLDG
160 E 300 S
SALT LAKE CITY UT 84111-2316

Direct questions regarding this rule to:

Shelley Wismer at the above address, by phone at 801-530-6761, by FAX at 801-530-6749, or by Internet E-mail at swismer@utah.gov

Authorized by:

Derek Miller, Director