This filing was published in the 11/01/2008, issue, Vol. 2008, No. 21, of the Utah State Bulletin.
Financial Institutions, Administration
Rule Governing Debt Cancellation and Debt Suspension Agreements Issued by Depository Institutions, Who Are Under the Jurisdiction of the Department of Financial Institutions
FIVE-YEAR NOTICE OF REVIEW AND STATEMENT OF CONTINUATION
DAR File No.: 32026
Filed: 10/13/2008, 08:10
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:
Subsection 7-1-324(2) authorizes any member of a class of depository institution that is subject to the jurisdiction of the department to issue a debt cancellation or a debt suspension agreement pursuant to a rule issued by the commissioner.
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 supporting or opposing written comments have been received by the agency concerning this rule.
Reasoned justification for continuation of the rule, including reasons why the agency disagrees with comments in opposition to the rule, if any:
The rule regulates depository institutions authorized to issue a debt cancellation or a debt suspension agreement and should be continued.
The full text of this rule may be inspected, during regular business hours, at the Division of Administrative Rules, or at:Financial Institutions
324 S STATE ST
SALT LAKE CITY UT 84111-2393
Direct questions regarding this rule to:
Paul Allred at the above address, by phone at 801-538-8854, by FAX at 801-538-8894, or by Internet E-mail at PALLRED@utah.gov
Edward Leary, Commissioner
For questions regarding the content or application of this rule, please contact Paul Allred at the above address, by phone at 801-538-8854, by FAX at 801-538-8894, or by Internet E-mail at PALLRED@utah.gov For questions about the rulemaking process, please contact the Division of Administrative Rules (801-538-3764).
Last modified: 10/29/2008 8:30 AM