Utah Code 7-23-502. Examination of books, accounts, and records by the department
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(1) At least annually the department shall, for each person registered under this chapter and engaging in the business of cashing checks or the business of deferred deposit lending:
Terms Used In Utah Code 7-23-502
- Business of cashing checks: means cashing a check for consideration. See Utah Code 7-23-102
- Business of deferred deposit lending: means extending a deferred deposit loan. See Utah Code 7-23-102
- Department: means the Department of Financial Institutions. See Utah Code 7-1-103
- Person: means :(27)(a) an individual;(27)(b) a corporation;(27)(c) a limited liability company;(27)(d) a partnership;(27)(e) a trust;(27)(f) an association;(27)(g) a joint venture;(27)(h) a pool;(27)(i) a syndicate;(27)(j) a sole proprietorship;(27)(k) an unincorporated organization; or(27)(l) any form of business entity. See Utah Code 7-1-103(1)(a) examine the books, accounts, and records; and(1)(b) make investigations to determine compliance with this chapter.
(2) In accordance with Section 7-1-401, a person examined under Subsection (1) shall pay a fee for the examination conducted under Subsection (1).