Utah Code 61-2c-504. Authority to act on receipt of petition
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(1) Upon receipt of a petition meeting the requirements of Section 61-2c-503 , the division may answer, initiate review proceedings, or appear in a proceeding:
Terms Used In Utah Code 61-2c-504
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Division: means the Division of Real Estate. See Utah Code 61-2c-102
- Fund: means the Residential Mortgage Loan Education, Research, and Recovery Fund created in Section
61-2c-501 . See Utah Code 61-2c-501.5
(1)(a) in the name of the defendant to the action; or
(1)(b) on behalf of the fund.
(2) The division may settle a claim subject to:
(2)(a) the application of a petitioner; and
(2)(b) court approval.