Utah Code 61-2f-507. Division authority to act upon receipt of petition
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(1) When the division is served a petition under Section 61-2f-506 , the division may:
Terms Used In Utah Code 61-2f-507
- 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 61-2f-102
- Person: means an individual or entity. See Utah Code 61-2f-102
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1)(a) file an answer to the petition in the court;
(1)(b) initiate a review proceeding conducted by the division; or
(1)(c) appear in any proceeding in the name of the defendant to the action or on behalf of the fund.
(2) The division may settle a claim against the fund if:
(2)(a) the person who brings the claim requests a settlement; and
(2)(b) the court in which the petition is filed approves the settlement.