Utah Code > Title 31A > Chapter 8 – Health Maintenance Organizations and Limited Health Plans

		Sections
Part 1	General Provisions	31A-8-101 – 31A-8-108
Part 2	Domestic Organizations	31A-8-201 – 31A-8-217
Part 3	Foreign Organizations	31A-8-301
Part 4	Operations	31A-8-401 – 31A-8-408

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Terms Used In Utah Code > Title 31A > Chapter 8 - Health Maintenance Organizations and Limited Health Plans

Adjudicative proceeding: means :
(2)(a) an action by a board, commission, department, officer, or other administrative unit of the state that determines the legal rights, duties, privileges, immunities, or other legal interests of one or more identifiable persons, including an action to grant, deny, revoke, suspend, modify, annul, withdraw, or amend an authority, right, or license; and
(2)(b) judicial review of an action described in Subsection (2)(a). See Utah Code 68-3-12.5
Administrator: includes "executor" when the subject matter justifies the use. See Utah Code 68-3-12.5
Adult: means an individual who is 18 years old or older. See Utah Code 31A-1-301
Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
Affiliation: means that a mortgage loan originator is associated with a principal lending manager in accordance with Section 61-2c-209. See Utah Code 61-2c-102
Allegation: something that someone says happened.
Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Analysis assignment: means an unbiased analysis, opinion, or conclusion that relates to the nature, quality, or utility of identified real estate or identified real property. See Utah Code 61-2g-102
Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. ^{Source: FDIC}
Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
Applicable appraisal standards: means :
     (1)(a) the Uniform Standards for Professional Appraisal Practice:
          (1)(a)(i) published by the Appraisal Foundation; and
          (1)(a)(ii) as adopted under Section 61-2g-403;
     (1)(b) Chapter 2g, Real Estate Appraiser Licensing and Certification Act; and
     (1)(c) rules made by the board under Chapter 2g, Real Estate Appraiser Licensing and Certification Act. See Utah Code 61-2e-102
Applicant: means a person applying for a license under this chapter. See Utah Code 61-2c-102
Application: means a document:
     (10)(a)
          (10)(a)(i) completed by an applicant to provide information about the risk to be insured; and
          (10)(a)(ii) that contains information that is used by the insurer to evaluate risk and decide whether to:
               (10)(a)(ii)(A) insure the risk under:
                    (10)(a)(ii)(A)(I) the coverage as originally offered; or
                    (10)(a)(ii)(A)(II) a modification of the coverage as originally offered; or
               (10)(a)(ii)(B) decline to insure the risk; or
     (10)(b) used by the insurer to gather information from the applicant before issuance of an annuity contract. See Utah Code 31A-1-301
Appraisal: A determination of property value.
Appraisal: means the same as that term is defined in Section 61-2g-102. See Utah Code 61-2e-102
Appraisal: means an analysis, opinion, or conclusion relating to the nature, quality, value, or utility of a specified interest in, or aspect of, identified real estate or identified real property. See Utah Code 61-2g-102
Appraisal Foundation: means the Appraisal Foundation that was incorporated as an Illinois not-for-profit corporation on November 30, 1987. See Utah Code 61-2g-102
Appraisal management service: means :
     (5)(a) recruiting, selecting, or retaining an appraiser;
     (5)(b) contracting with an appraiser to perform a real estate appraisal activity for a client;
     (5)(c) managing the appraisal process, including one or more of the following administrative services:
          (5)(c)(i) receiving an appraisal order or an appraisal report;
          (5)(c)(ii) submitting a completed appraisal report to a client;
          (5)(c)(iii) collecting a fee from a client for a service provided; or
          (5)(c)(iv) paying an appraiser for a real estate appraisal activity; or
     (5)(d) reviewing or verifying the work of an appraiser. See Utah Code 61-2e-102
Appraisal report: means the same as that term is defined in Section 61-2g-102. See Utah Code 61-2e-102
Appraisal report: means a communication, written or oral, of an appraisal. See Utah Code 61-2g-102
Appraisal Subcommittee: means the Appraisal Subcommittee of the Federal Financial Institutions Examination Council. See Utah Code 61-2e-102
Appraiser: means an individual who engages in a real estate appraisal activity. See Utah Code 61-2e-102
Appraiser panel: includes an appraiser whom the appraisal management company has:
          (9)(b)(i) accepted for consideration for a future appraisal assignment:
               (9)(b)(i)(A) in a residential mortgage loan transaction; or
               (9)(b)(i)(B) for a secondary mortgage market participant in connection with a residential mortgage loan transaction; or
          (9)(b)(ii) engaged to perform an appraisal:
               (9)(b)(ii)(A) in a residential mortgage loan transaction; or
               (9)(b)(ii)(B) for a secondary mortgage market participant in connection with a residential mortgage loan transaction. See Utah Code 61-2e-102
Approved examination provider: means a person approved by the nationwide database or by the division as an approved test provider. See Utah Code 61-2c-102
Armed forces: means the United States Army, Navy, Air Force, Marine Corps, Space Force, and Coast Guard. See Utah Code 68-3-12.5
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Associate broker: means an individual who is:
(1)(a) employed or engaged as an independent contractor by or on behalf of a principal broker to perform an act described in Subsection (20) for valuable consideration; and
(1)(b) licensed under this chapter as an associate broker. See Utah Code 61-2f-102
Associate lending manager: means an individual who:
(1)(d)(i) qualifies under this chapter as a principal lending manager; and
(1)(d)(ii) works by or on behalf of another principal lending manager in transacting the business of residential mortgage loans. See Utah Code 61-2c-102
Balloon payment: means a required payment in a mortgage transaction that:
(1)(e)(i) results in a greater reduction in the principle of the mortgage than a regular installment payment; and
(1)(e)(ii) is made during or at the end of the term of the loan. See Utah Code 61-2c-102
Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
Board: means the Real Estate Appraiser Licensing and Certification Board that is created in Section 61-2g-204. See Utah Code 61-2e-102
Board: means the Real Estate Appraiser Licensing and Certification Board that is established in Section 61-2g-204. See Utah Code 61-2g-102
Branch broker: means an associate broker who manages a principal broker's branch office under the supervision of the principal broker. See Utah Code 61-2f-102
Branch lending manager: means an individual who is:
(1)(f)(i) licensed as a lending manager; and
(1)(f)(ii) designated in the nationwide database by the individual's sponsoring entity as being responsible to work from a branch office and to supervise the business of residential mortgage loans that is conducted at the branch office. See Utah Code 61-2c-102
Branch office: means a licensed entity's office:
          (1)(g)(i) for the transaction of the business of residential mortgage loans regulated under this chapter;
          (1)(g)(ii) other than the main office of the licensed entity; and
          (1)(g)(iii) that operates under:
               (1)(g)(iii)(A) the same business name as the licensed entity; or
               (1)(g)(iii)(B) another trade name that is registered with the division under the entity license. See Utah Code 61-2c-102
Branch office: means a principal broker's real estate brokerage office that is not the principal broker's main office. See Utah Code 61-2f-102
Business of residential mortgage loans: means for compensation or in the expectation of compensation to:
               (1)(i)(i)(A) engage in an act that makes an individual a mortgage loan originator;
               (1)(i)(i)(B) make or originate a residential mortgage loan;
               (1)(i)(i)(C) directly or indirectly solicit a residential mortgage loan for another;
               (1)(i)(i)(D) unless exempt under Section 61-2c-105 or excluded under Subsection (1)(i)(ii), render services related to the origination of a residential mortgage loan including:
                    (1)(i)(i)(D)(I) preparing a loan package;
                    (1)(i)(i)(D)(II) communicating with the borrower or lender;
                    (1)(i)(i)(D)(III) advising on a loan term;
                    (1)(i)(i)(D)(IV) receiving, collecting, or distributing information common for the processing or underwriting of a loan in the mortgage industry; or
                    (1)(i)(i)(D)(V) communicating with a consumer to obtain information necessary for the processing or underwriting of a residential mortgage loan; or
               (1)(i)(i)(E) engage in loan modification assistance. See Utah Code 61-2c-102
Business opportunity: means the sale, lease, or exchange of any business that includes an interest in real estate. See Utah Code 61-2f-102
Business plan: means the information required to be supplied to the commissioner under Subsections 31A-5-204(2)(i) and (j), including the information required when these subsections apply by reference under:
(19)(a) Section 31A-8-205; or
(19)(b) Subsection 31A-9-205(2). See Utah Code 31A-1-301
Certificate: means evidence of insurance given to:
(23)(a) an insured under a group insurance policy; or
(23)(b) a third party. See Utah Code 31A-1-301
Certified appraisal report: means a written or oral appraisal report that is certified by a state-certified general appraiser or state-certified residential appraiser. See Utah Code 61-2g-102
Certified education provider: means a person who is certified under Section Utah Code 61-2c-102
City: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
Civil judgment: means a judgment in a civil action that:
(1)(a) is awarded in an action brought against a person licensed under this chapter on the basis of fraud, misrepresentation, or deceit in a residential mortgage loan transaction; and
(1)(b) awards actual damages. See Utah Code 61-2c-501.5
Client: means a person that enters into an agreement with an appraisal management company for the performance of a real estate appraisal activity. See Utah Code 61-2e-102
Closed-end: means a loan:
(1)(k)(i) with a fixed amount borrowed; and
(1)(k)(ii) that does not permit additional borrowing secured by the same collateral. See Utah Code 61-2c-102
Commission: means the Residential Mortgage Regulatory Commission created in Section 61-2c-104. See Utah Code 61-2c-102
Commission: means the Real Estate Commission established under this chapter. See Utah Code 61-2f-102
Community development financial institution: means the same as that term is defined in Utah Code 61-2c-102
Compensation: means anything of economic value that is paid, loaned, granted, given, donated, or transferred to an individual or entity for or in consideration of:
          (1)(n)(i) services;
          (1)(n)(ii) personal or real property; or
          (1)(n)(iii) another thing of value. See Utah Code 61-2c-102
Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
Concurrence: means that entities given a concurring role must jointly agree for the action to be taken. See Utah Code 61-2c-102
Concurrence: means that the entities that are given a concurring role must jointly agree before an action may be taken. See Utah Code 61-2e-102
Concurrence: means the entities given a concurring role must jointly agree for action to be taken. See Utah Code 61-2f-102
Concurrence: means that the entities that are given a concurring role jointly agree to an action. See Utah Code 61-2g-102
Condominium unit: means the same as that term is defined in Section 57-8-3. See Utah Code 61-2f-102
Consultation service: means an engagement to provide a real estate valuation service analysis, opinion, conclusion, or other service that does not fall within the definition of appraisal. See Utah Code 61-2g-102
Contingent fee: means a fee or other form of compensation, payment of which is dependent on or conditioned by:
(1)(i)(i) the reporting of a predetermined analysis, opinion, or conclusion by the person performing the analysis, opinion, or conclusion; or
(1)(i)(ii) achieving a result specified by the person requesting the analysis, opinion, or conclusion. See Utah Code 61-2g-102
Continuing education: means education an individual takes in order to meet the education requirements imposed by Sections Utah Code 61-2c-102
Contract: A legal written agreement that becomes binding when signed.
Control person: means an individual identified by an entity registered with the nationwide database as being an individual directing the management or policies of the entity. See Utah Code 61-2c-102
Controlling person: means :
     (13)(a) an owner, officer, or director of an entity seeking to offer appraisal management services;
     (13)(b) an individual employed, appointed, or authorized by an appraisal management company who has the authority to:
          (13)(b)(i) enter into a contractual relationship with a client for the performance of an appraisal management service; and
          (13)(b)(ii) enter into an agreement with an appraiser for the performance of a real estate appraisal activity; or
     (13)(c) a person who possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of an appraisal management company. See Utah Code 61-2e-102
Conviction: A judgement of guilt against a criminal defendant.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Corporation: means an insurance corporation, except when referring to:
          (34)(a)(i) a corporation doing business:
               (34)(a)(i)(A) as:
                    (34)(a)(i)(A)(I) an insurance producer;
                    (34)(a)(i)(A)(II) a surplus lines producer;
                    (34)(a)(i)(A)(III) a limited line producer;
                    (34)(a)(i)(A)(IV) a consultant;
                    (34)(a)(i)(A)(V) a managing general agent;
                    (34)(a)(i)(A)(VI) a reinsurance intermediary;
                    (34)(a)(i)(A)(VII) a third party administrator; or
                    (34)(a)(i)(A)(VIII) an adjuster; and
               (34)(a)(i)(B) under:
                    (34)(a)(i)(B)(I) Chapter 23a, Insurance Marketing - Licensing Producers, Consultants, and Reinsurance Intermediaries;
                    (34)(a)(i)(B)(II) Chapter 25, Third Party Administrators; or
                    (34)(a)(i)(B)(III) Chapter 26, Insurance Adjusters; or
          (34)(a)(ii) a noninsurer that is part of a holding company system under Chapter 16, Insurance Holding Companies. See Utah Code 31A-1-301
Credential: means a state-issued registration, license, or certification that allows an individual to perform any act or service that requires licensure or certification under this chapter. See Utah Code 61-2g-102
Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. ^{Source: OCC}
Creditor: means :
(14)(a) a person who regularly extends credit that, under a written agreement, is subject to a finance charge or is payable in more than four installments, not including any down payment; and
(14)(b) a person to whom the obligation described in Subsection (14)(a) is initially payable, either on the face of the note or contract, or by agreement when there is no note or contract. See Utah Code 61-2e-102
Criminal restitution judgment: means a judgment that, in accordance with the Utah Code of Criminal Procedure, orders criminal restitution to a person and against a person licensed under this chapter for a criminal offense involving fraud, misrepresentation, or deceit in a residential mortgage loan transaction. See Utah Code 61-2c-501.5
Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
Deed: The legal instrument used to transfer title in real property from one person to another.
Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
Department: means the Insurance Department. See Utah Code 31A-1-301
Department: means the Department of Commerce. See Utah Code 61-2-102
Dependent: A person dependent for support upon another.
Depository institution: means the same as that term is defined in Section 7-1-103. See Utah Code 61-2c-102
Director: means a member of the board of directors of a corporation. See Utah Code 31A-1-301
Director: means the director of the division appointed under Section 61-2-201. See Utah Code 61-2-102
Director: means the director of the division. See Utah Code 61-2c-102
Director: means the director of the division. See Utah Code 61-2e-102
Director: means the director of the Division of Real Estate. See Utah Code 61-2f-102
Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
Division: means the Division of Real Estate created in Section 61-2-201. See Utah Code 61-2-102
Division: means the Division of Real Estate. See Utah Code 61-2c-102
Division: means the Division of Real Estate, created in Section 61-2-201, of the Department of Commerce. See Utah Code 61-2e-102
Division: means the Division of Real Estate. See Utah Code 61-2f-102
Division: means the Division of Real Estate of the Department of Commerce. See Utah Code 61-2g-102
Dual broker: means a principal broker of a real estate sales brokerage who obtains from the division a dual broker license in order to function as the principal broker of a property management company that is a separate entity from the real estate sales brokerage. See Utah Code 61-2f-102
Dwelling: means a residential structure attached to real property that contains one to four family units including any of the following if used as a residence:
          (1)(v)(i) a condominium unit;
          (1)(v)(ii) a cooperative unit;
          (1)(v)(iii) a manufactured home; or
          (1)(v)(iv) a house. See Utah Code 61-2c-102
Dwelling: means a residential structure that contains up to four units, regardless of whether the structure is attached to real property, including:
     (17)(a) an individual condominium unit;
     (17)(b) a cooperative unit;
     (17)(c) a mobile home; or
     (17)(d) a trailer, if the trailer is used as a residence. See Utah Code 61-2e-102
Enrollee: includes an insured. See Utah Code 31A-1-301
Entity: means :
          (1)(x)(i) a corporation;
          (1)(x)(ii) a limited liability company;
          (1)(x)(iii) a partnership;
          (1)(x)(iv) a company;
          (1)(x)(v) an association;
          (1)(x)(vi) a joint venture;
          (1)(x)(vii) a business trust;
          (1)(x)(viii) a trust; or
          (1)(x)(ix) another organization. See Utah Code 61-2c-102
Entity: means :
     (18)(a) a corporation;
     (18)(b) a partnership;
     (18)(c) a sole proprietorship;
     (18)(d) a limited liability company;
     (18)(e) another business entity; or
     (18)(f) a subsidiary or unit of an entity described in Subsections (18)(a) through (e). See Utah Code 61-2e-102
Entity: means :
     (14)(a) a corporation;
     (14)(b) a partnership;
     (14)(c) a limited liability company;
     (14)(d) a company;
     (14)(e) an association;
     (14)(f) a joint venture;
     (14)(g) a business trust;
     (14)(h) a trust; or
     (14)(i) any organization similar to an entity described in Subsections (14)(a) through (h). See Utah Code 61-2f-102
Equal: means , with respect to biological sex, of the same value. See Utah Code 68-3-12.5
Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
Escrow: Money given to a third party to be held for payment until certain conditions are met.
Evaluation: means an opinion on the market value of real property or real estate that:
(1)(l)(i) is made in accordance with the Interagency Appraisal and Evaluation Guidelines; and
(1)(l)(ii) is provided to a financial institution for use in a real estate related transaction for which the regulations of the federal financial institutions regulatory agencies do not require an appraisal. See Utah Code 61-2g-102
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Executive director: means the executive director of the department appointed under Section 13-1-3. See Utah Code 61-2-102
Executive director: means the executive director of the Department of Commerce. See Utah Code 61-2c-102
Executive director: means the director of the Department of Commerce. See Utah Code 61-2f-102
Executive director: means the executive director of the Department of Commerce. See Utah Code 61-2g-102
Fair Credit Reporting Act: A federal law, established in 1971 and revised in 1997, that gives consumers the right to see their credit records and correct any mistakes. ^{Source: OCC}
Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. ^{Source: OCC}
Federal financial institutions regulatory agencies: means :
          (1)(n)(i) the Board of Governors of the Federal Reserve System;
          (1)(n)(ii) the Federal Deposit Insurance Corporation;
          (1)(n)(iii) the Office of the Comptroller of the Currency; and
          (1)(n)(iv) the National Credit Union Administration. See Utah Code 61-2g-102
Federal licensing requirements: means Secure and Fair Enforcement for Mortgage Licensing, Utah Code 61-2c-102
Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. ^{Source: OCC}
Federally regulated appraisal management company: means an appraisal management company that is:
(19)(a) owned and controlled by an insured depository institution, as defined in Utah Code 61-2e-102
Female: means the characteristic of an individual whose biological reproductive system is of the general type that functions in a way that could produce ova. See Utah Code 68-3-12.5
Fiduciary: A trustee, executor, or administrator.
Filed: means that a filing is:
          (69)(a)(i) submitted to the department as required by and in accordance with applicable statute, rule, or filing order;
          (69)(a)(ii) received by the department within the time period provided in applicable statute, rule, or filing order; and
          (69)(a)(iii) accompanied by the appropriate fee in accordance with:
               (69)(a)(iii)(A) Section 31A-3-103; or
               (69)(a)(iii)(B) rule. See Utah Code 31A-1-301
Filing: when used as a noun, means an item required to be filed with the department including:
     (70)(a) a policy;
     (70)(b) a rate;
     (70)(c) a form;
     (70)(d) a document;
     (70)(e) a plan;
     (70)(f) a manual;
     (70)(g) an application;
     (70)(h) a report;
     (70)(i) a certificate;
     (70)(j) an endorsement;
     (70)(k) an actuarial certification;
     (70)(l) a licensee annual statement;
     (70)(m) a licensee renewal application;
     (70)(n) an advertisement;
     (70)(o) a binder; or
     (70)(p) an outline of coverage. See Utah Code 31A-1-301
Final judgment: means one of the following judgments upon termination of the proceedings related to the judgment, including appeals:
(3)(a) a civil judgment; or
(3)(b) a criminal restitution judgment. See Utah Code 61-2c-501.5
Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. ^{Source: OCC}
Financial institution: means an insured:
(1)(p)(i) depository as defined in Utah Code 61-2g-102
Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
- You are late making a payment or commit some other default, triggering an increase to a penalty rate
- The bank changes the terms of your account and you do not reject the change.
- The rate expires (if the rate was fixed for only a certain period of time).
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
Foreclosure rescue: means , for compensation or with the expectation of receiving valuable consideration, to:
          (1)(aa)(i) engage, or offer to engage, in an act that:
               (1)(aa)(i)(A) the person represents will assist a borrower in preventing a foreclosure; and
               (1)(aa)(i)(B) relates to a transaction involving the transfer of title to residential real property; or
          (1)(aa)(ii) as an employee or agent of another person:
               (1)(aa)(ii)(A) solicit, or offer that the other person will engage in an act described in Subsection (1)(aa)(i); or
               (1)(aa)(ii)(B) negotiate terms in relationship to an act described in Subsection (1)(aa)(i). See Utah Code 61-2c-102
Foreclosure rescue: means , for compensation or with the expectation of receiving valuable consideration, to:
     (16)(a) engage, or offer to engage, in an act that:
          (16)(a)(i) the person represents will assist a borrower in preventing a foreclosure; and
          (16)(a)(ii) relates to a transaction involving the transfer of title to residential real property; or
     (16)(b) as an employee or agent of another person:
          (16)(b)(i) solicit, or offer that the other person will engage in an act described in Subsection (16)(a); or
          (16)(b)(ii) negotiate terms in relationship to an act described in Subsection (16)(a). See Utah Code 61-2f-102
Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. ^{Source: OCC}
Form: means one of the following prepared for general use:
          (74)(a)(i) a policy;
          (74)(a)(ii) a certificate;
          (74)(a)(iii) an application;
          (74)(a)(iv) an outline of coverage; or
          (74)(a)(v) an endorsement. See Utah Code 31A-1-301
Fraud: Intentional deception resulting in injury to another.
Fund: means the Residential Mortgage Loan Education, Research, and Recovery Fund created in Section 61-2c-501. See Utah Code 61-2c-501.5
Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. ^{Source: OCC}
Health benefit plan: means a policy, contract, certificate, or agreement offered or issued by an insurer to provide, deliver, arrange for, pay for, or reimburse any of the costs of health care, including major medical expense coverage. See Utah Code 31A-1-301
Health care: means any of the following intended for use in the diagnosis, treatment, mitigation, or prevention of a human ailment or impairment:
     (83)(a) a professional service;
     (83)(b) a personal service;
     (83)(c) a facility;
     (83)(d) equipment;
     (83)(e) a device;
     (83)(f) supplies; or
     (83)(g) medicine. See Utah Code 31A-1-301
Indemnity: means the payment of an amount to offset all or part of an insured loss. See Utah Code 31A-1-301
Independent contractor: means an appraiser whom an appraisal management company treats as an independent contractor for purposes of federal income taxation. See Utah Code 61-2e-102
Individual: means a natural person. See Utah Code 31A-1-301
Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
insolvent: means that:
     (95)(a) an insurer is unable to pay the insurer's obligations as the obligations are due;
     (95)(b) an insurer's total adjusted capital is less than the insurer's mandatory control level RBC under Subsection 31A-17-601(8)(c); or
     (95)(c) an insurer's admitted assets are less than the insurer's liabilities. See Utah Code 31A-1-301
Insurance: includes :
          (96)(b)(i) a risk distributing arrangement providing for compensation or replacement for damages or loss through the provision of a service or a benefit in kind;
          (96)(b)(ii) a contract of guaranty or suretyship entered into by the guarantor or surety as a business and not as merely incidental to a business transaction; and
          (96)(b)(iii) a plan in which the risk does not rest upon the person who makes an arrangement, but with a class of persons who have agreed to share the risk. See Utah Code 31A-1-301
Insured: means a person to whom or for whose benefit an insurer makes a promise in an insurance policy and includes:
          (103)(a)(i) a policyholder;
          (103)(a)(ii) a subscriber;
          (103)(a)(iii) a member; and
          (103)(a)(iv) a beneficiary. See Utah Code 31A-1-301
Interagency Appraisal and Evaluation Guidelines: means the guidelines published as Interagency Appraisal and Evaluation Guidelines, 75 Fed. See Utah Code 61-2g-102
Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
Land: includes :
     (18)(a) land;
     (18)(b) a tenement;
     (18)(c) a hereditament;
     (18)(d) a water right;
     (18)(e) a possessory right; and
     (18)(f) a claim. See Utah Code 68-3-12.5
Lawsuit: A legal action started by a plaintiff against a defendant based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Lending manager: means an individual licensed as a lending manager under Section 61-2c-206 to transact the business of residential mortgage loans. See Utah Code 61-2c-102
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
License: includes a certificate of authority issued to an insurer. See Utah Code 31A-1-301
Licensee: means a person licensed with the division under this chapter. See Utah Code 61-2c-102
Licensing examination: means the examination required by Section Utah Code 61-2c-102
Lien: A claim against real or personal property in satisfaction of a debt.
Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
Loan modification assistance: means , for compensation or with the expectation of receiving valuable consideration, to:
          (1)(ff)(i) act, or offer to act, on behalf of a person to:
               (1)(ff)(i)(A) obtain a loan term of a residential mortgage loan that is different from an existing loan term including:
                    (1)(ff)(i)(A)(I) an increase or decrease in an interest rate;
                    (1)(ff)(i)(A)(II) a change to the type of interest rate;
                    (1)(ff)(i)(A)(III) an increase or decrease in the principal amount of the residential mortgage loan;
                    (1)(ff)(i)(A)(IV) a change in the number of required period payments;
                    (1)(ff)(i)(A)(V) an addition of collateral;
                    (1)(ff)(i)(A)(VI) a change to, or addition of, a prepayment penalty;
                    (1)(ff)(i)(A)(VII) an addition of a cosigner; or
                    (1)(ff)(i)(A)(VIII) a change in persons obligated under the existing residential mortgage loan; or
               (1)(ff)(i)(B) substitute a new residential mortgage loan for an existing residential mortgage loan; or
          (1)(ff)(ii) as an employee or agent of another person:
               (1)(ff)(ii)(A) solicit, or offer that the other person will engage in an act described in Subsection (1)(ff)(i); or
               (1)(ff)(ii)(B) negotiate terms in relationship to an act described in Subsection (1)(ff)(i). See Utah Code 61-2c-102
Loan modification assistance: means , for compensation or with the expectation of receiving valuable consideration, to:
     (17)(a) act, or offer to act, on behalf of a person to:
          (17)(a)(i) obtain a loan term of a residential mortgage loan that is different from an existing loan term including:
               (17)(a)(i)(A) an increase or decrease in an interest rate;
               (17)(a)(i)(B) a change to the type of interest rate;
               (17)(a)(i)(C) an increase or decrease in the principal amount of the residential mortgage loan;
               (17)(a)(i)(D) a change in the number of required period payments;
               (17)(a)(i)(E) an addition of collateral;
               (17)(a)(i)(F) a change to, or addition of, a prepayment penalty;
               (17)(a)(i)(G) an addition of a cosigner; or
               (17)(a)(i)(H) a change in persons obligated under the existing residential mortgage loan; or
          (17)(a)(ii) substitute a new residential mortgage loan for an existing residential mortgage loan; or
     (17)(b) as an employee or agent of another person:
          (17)(b)(i) solicit, or offer that the other person will engage in an act described in Subsection (17)(a); or
          (17)(b)(ii) negotiate terms in relationship to an act described in Subsection (17)(a). See Utah Code 61-2f-102
Main office: means the address which a principal broker designates with the division as the principal broker's primary brokerage office. See Utah Code 61-2f-102
Member: means a person having membership rights in an insurance corporation. See Utah Code 31A-1-301
minimum required capital: means the capital that must be constantly maintained by a stock insurance corporation as required by statute. See Utah Code 31A-1-301
Month: means a calendar month, unless otherwise expressed. See Utah Code 68-3-12.5
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}
Mortgage loan originator: means an individual who, for compensation or in expectation of compensation:
               (1)(gg)(i)(A)
                    (1)(gg)(i)(A)(I) takes a residential mortgage loan application;
                    (1)(gg)(i)(A)(II) offers or negotiates terms of a residential mortgage loan for the purpose of:
                         (1)(gg)(i)(A)(II)(Aa) a purchase;
                         (1)(gg)(i)(A)(II)(Bb) a refinance;
                         (1)(gg)(i)(A)(II)(Cc) a loan modification assistance; or
                         (1)(gg)(i)(A)(II)(Dd) a foreclosure rescue; or
                    (1)(gg)(i)(A)(III) directly or indirectly solicits a residential mortgage loan for another person; and
               (1)(gg)(i)(B) is licensed as a mortgage loan originator in accordance with this chapter. See Utah Code 61-2c-102
Mortgagee: The person to whom property is mortgaged and who has loaned the money.
Mutual: means a mutual insurance corporation. See Utah Code 31A-1-301
mutual corporation: means a mutual insurance corporation. See Utah Code 31A-1-301
National Credit Union Administration: The federal regulatory agency that charters and supervises federal credit unions. (NCUA also administers the National Credit Union Share Insurance Fund, which insures the deposits of federal credit unions.) ^{Source: OCC}
Nationwide database: means the Nationwide Mortgage Licensing System and Registry, authorized under federal licensing requirements. See Utah Code 61-2c-102
Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
Oath: A promise to tell the truth.
Oath: includes "affirmation. See Utah Code 68-3-12.5
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Order: means an order of the commissioner. See Utah Code 31A-1-301
Oversight: Committee review of the activities of a Federal agency or program.
Participating: means a plan of insurance under which the insured is entitled to receive a dividend representing a share of the surplus of the insurer. See Utah Code 31A-1-301
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Permanent surplus: means the surplus of an insurer or organization that is designated by the insurer or organization as permanent. See Utah Code 31A-1-301
Person: includes :
     (146)(a) an individual;
     (146)(b) a partnership;
     (146)(c) a corporation;
     (146)(d) an incorporated or unincorporated association;
     (146)(e) a joint stock company;
     (146)(f) a trust;
     (146)(g) a limited liability company;
     (146)(h) a reciprocal;
     (146)(i) a syndicate; or
     (146)(j) another similar entity or combination of entities acting in concert. See Utah Code 31A-1-301
Person: means an individual or entity. See Utah Code 61-2c-102
Person: means an individual or an entity. See Utah Code 61-2e-102
Person: means an individual or entity. See Utah Code 61-2f-102
Person: means :
     (24)(a) an individual;
     (24)(b) an association;
     (24)(c) an institution;
     (24)(d) a corporation;
     (24)(e) a company;
     (24)(f) a trust;
     (24)(g) a limited liability company;
     (24)(h) a partnership;
     (24)(i) a political subdivision;
     (24)(j) a government office, department, division, bureau, or other body of government; and
     (24)(k) any other organization or entity. See Utah Code 68-3-12.5
Person who regularly extends credit: means a person who:
(22)(a) extends credit, other than credit subject to the requirements of Utah Code 61-2e-102
Plaintiff: The person who files the complaint in a civil lawsuit.
Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
Policy: includes a service contract issued by:
          (150)(b)(i) a motor club under Chapter 11, Motor Clubs;
          (150)(b)(ii) a service contract provided under Chapter 6a, Service Contracts; and
          (150)(b)(iii) a corporation licensed under:
               (150)(b)(iii)(A) Chapter 7, Nonprofit Health Service Insurance Corporations; or
               (150)(b)(iii)(B) Chapter 8, Health Maintenance Organizations and Limited Health Plans. See Utah Code 31A-1-301
Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
Prelicensing education: means education taken by an individual seeking to be licensed under this chapter in order to meet the education requirements imposed by Section Utah Code 61-2c-102
Premium: includes , however designated:
          (156)(b)(i) an assessment;
          (156)(b)(ii) a membership fee;
          (156)(b)(iii) a required contribution; or
          (156)(b)(iv) monetary consideration. See Utah Code 31A-1-301
Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
Principal broker: means an individual who is licensed or required to be licensed as a principal broker under this chapter who:
     (20)(a) sells or lists for sale real estate, including real estate being sold as part of a foreclosure rescue, or a business opportunity with the expectation of receiving valuable consideration;
     (20)(b) buys, exchanges, or auctions real estate, an option on real estate, a business opportunity, or an improvement on real estate with the expectation of receiving valuable consideration;
     (20)(c) advertises, offers, attempts, or otherwise holds the individual out to be engaged in the business described in Subsection (20)(a) or (b);
     (20)(d) is employed by or on behalf of the owner of real estate or by a prospective purchaser of real estate and performs an act described in Subsection (20)(a), whether the individual's compensation is at a stated salary, a commission basis, upon a salary and commission basis, or otherwise;
     (20)(e) with the expectation of receiving valuable consideration, manages property owned by another person;
     (20)(f) advertises or otherwise holds the individual out to be engaged in property management;
     (20)(g) with the expectation of receiving valuable consideration, assists or directs in the procurement of prospects for or the negotiation of a transaction listed in Subsections (20)(a) and (e);
     (20)(h) except for a mortgage lender, title insurance producer, or an employee of a mortgage lender or title insurance producer, assists or directs in the closing of a real estate transaction with the expectation of receiving valuable consideration;
     (20)(i) engages in foreclosure rescue; or
     (20)(j) advertises, offers, attempts, or otherwise holds the person out as being engaged in foreclosure rescue. See Utah Code 61-2f-102
Principal lending manager: means an individual:
(1)(ll)(i) licensed as a lending manager under Section 61-2c-206; and
(1)(ll)(ii) identified in the nationwide database by the individual's sponsoring entity as the entity's principal lending manager. See Utah Code 61-2c-102
Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
Proceeding: includes an action or special statutory proceeding. See Utah Code 31A-1-301
Process: means a writ or summons issued in the course of a judicial proceeding. See Utah Code 68-3-12.5
Property: includes both real and personal property. See Utah Code 68-3-12.5
Property management: means engaging in, with the expectation of receiving valuable consideration, the management of real estate owned by another person or advertising or otherwise claiming to be engaged in property management by:
          (21)(a)(i) advertising for, arranging, negotiating, offering, or otherwise attempting or participating in a transaction calculated to secure the rental or leasing of real estate;
          (21)(a)(ii) collecting, agreeing, offering, or otherwise attempting to collect rent for the real estate and accounting for and disbursing the money collected; or
          (21)(a)(iii) authorizing expenditures for repairs to the real estate. See Utah Code 61-2f-102
Property management sales agent: means a sales agent who:
(22)(a) is affiliated with a dual broker through the dual broker's property management company; and
(22)(b) is designated by the dual broker as a property management sales agent. See Utah Code 61-2f-102
Prospective borrower: means a person applying for a mortgage from a person who is required to be licensed under this chapter. See Utah Code 61-2c-102
Quorum: The number of legislators that must be present to do business.
Rate: means :
          (163)(a)(i) the cost of a given unit of insurance; or
          (163)(a)(ii) for property or casualty insurance, that cost of insurance per exposure unit either expressed as:
               (163)(a)(ii)(A) a single number; or
               (163)(a)(ii)(B) a pure premium rate, adjusted before the application of individual risk variations based on loss or expense considerations to account for the treatment of:
                    (163)(a)(ii)(B)(I) expenses;
                    (163)(a)(ii)(B)(II) profit; and
                    (163)(a)(ii)(B)(III) individual insurer variation in loss experience. See Utah Code 31A-1-301
Real estate: includes leaseholds and business opportunities involving real property. See Utah Code 61-2f-102
Real estate: means an identified parcel or tract of land including improvements if any. See Utah Code 61-2g-102
Real estate appraisal activity: means the same as that term is defined in Section 61-2g-102. See Utah Code 61-2e-102
Real estate related transaction: means :
          (1)(t)(i) the sale, lease, purchase, investment in, or exchange of real property or an interest in real property, or the financing of such a transaction;
          (1)(t)(ii) the refinancing of real property or an interest in real property; or
          (1)(t)(iii) the use of real property or an interest in real property as security for a loan or investment, including mortgage-backed securities. See Utah Code 61-2g-102
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Real property: means one or more defined interests, benefits, or rights inherent in the ownership of real estate. See Utah Code 61-2g-102
real property: includes :
     (31)(a) land;
     (31)(b) a tenement;
     (31)(c) a hereditament;
     (31)(d) a water right;
     (31)(e) a possessory right; and
     (31)(f) a claim. See Utah Code 68-3-12.5
Record: means information that is:
          (1)(nn)(i) prepared, owned, received, or retained by a person; and
          (1)(nn)(ii)
               (1)(nn)(ii)(A) inscribed on a tangible medium; or
               (1)(nn)(ii)(B)
                    (1)(nn)(ii)(B)(I) stored in an electronic or other medium; and
                    (1)(nn)(ii)(B)(II) in a perceivable and reproducible form. See Utah Code 61-2c-102
Regular salaried employee: means an individual who performs a service for wages or other remuneration, whose employer withholds federal employment taxes under a contract of hire, written or oral, express or implied. See Utah Code 61-2f-102
Reinstatement: means restoring a license that has expired or has been suspended. See Utah Code 61-2f-102
Reinsurance: means an insurance transaction where an insurer, for consideration, transfers any portion of the risk it has assumed to another insurer. See Utah Code 31A-1-301
Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Renewal: means extending a license for an additional licensing period on or before the date the license expires. See Utah Code 61-2f-102
Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
Residential mortgage loan: means an extension of credit, if:
          (1)(oo)(i) the loan or extension of credit is secured by a:
               (1)(oo)(i)(A) mortgage;
               (1)(oo)(i)(B) deed of trust; or
               (1)(oo)(i)(C) consensual security interest; and
          (1)(oo)(ii) the mortgage, deed of trust, or consensual security interest described in Subsection (1)(oo)(i):
               (1)(oo)(ii)(A) is on a dwelling located in the state; and
               (1)(oo)(ii)(B) is created with the consent of the owner of the residential real property. See Utah Code 61-2c-102
Residential mortgage loan: means the same as that term is defined in Section 61-2c-102. See Utah Code 61-2e-102
Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
Review assignment: means an unbiased analysis, opinion, or conclusion that forms an opinion as to the adequacy and appropriateness of a valuation appraisal or an analysis assignment. See Utah Code 61-2g-102
Sales agent: means an individual who is:
(28)(a) affiliated with a principal broker, either as an independent contractor or an employee as provided in Section 61-2f-303, to perform for valuable consideration an act described in Subsection (20); and
(28)(b) licensed under this chapter as a sales agent. See Utah Code 61-2f-102
Secondary mortgage market participant: includes an individual investor in a mortgage-backed security, if the investor is also the guarantor, insurer, underwriter, or issuer of the mortgage-backed security. See Utah Code 61-2e-102
Security: means a:
          (176)(a)(i) note;
          (176)(a)(ii) stock;
          (176)(a)(iii) bond;
          (176)(a)(iv) debenture;
          (176)(a)(v) evidence of indebtedness;
          (176)(a)(vi) certificate of interest or participation in a profit-sharing agreement;
          (176)(a)(vii) collateral-trust certificate;
          (176)(a)(viii) preorganization certificate or subscription;
          (176)(a)(ix) transferable share;
          (176)(a)(x) investment contract;
          (176)(a)(xi) voting trust certificate;
          (176)(a)(xii) certificate of deposit for a security;
          (176)(a)(xiii) certificate of interest of participation in an oil, gas, or mining title or lease or in payments out of production under such a title or lease;
          (176)(a)(xiv) commodity contract or commodity option;
          (176)(a)(xv) certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase any of the items listed in Subsections (176)(a)(i) through (xiv); or
          (176)(a)(xvi) another interest or instrument commonly known as a security. See Utah Code 31A-1-301
Sell: means to exchange a contract of insurance:
     (179)(a) by any means;
     (179)(b) for money or its equivalent; and
     (179)(c) on behalf of an insurance company. See Utah Code 31A-1-301
Service of process: The service of writs or summonses to the appropriate party.
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.
Settlement: means the time at which each of the following is complete:
          (1)(qq)(i) the borrower and, if applicable, the seller sign and deliver to each other or to the escrow or closing office each document required by:
               (1)(qq)(i)(A) the real estate purchase contract;
               (1)(qq)(i)(B) the lender;
               (1)(qq)(i)(C) the title insurance company;
               (1)(qq)(i)(D) the escrow or closing office;
               (1)(qq)(i)(E) the written escrow instructions; or
               (1)(qq)(i)(F) applicable law;
          (1)(qq)(ii) the borrower delivers to the seller, if applicable, or to the escrow or closing office any money, except for the proceeds of any new loan, that the borrower is required to pay; and
          (1)(qq)(iii) if applicable, the seller delivers to the buyer or to the escrow or closing office any money that the seller is required to pay. See Utah Code 61-2c-102
Signature: includes a name, mark, or sign written with the intent to authenticate an instrument or writing. See Utah Code 68-3-12.5
Sponsorship: means an association in accordance with Section 61-2c-209 between an individual licensed under this chapter and an entity licensed under this chapter. See Utah Code 61-2c-102
State: means :
          (1)(tt)(i) a state, territory, or possession of the United States;
          (1)(tt)(ii) the District of Columbia; or
          (1)(tt)(iii) the Commonwealth of Puerto Rico. See Utah Code 61-2c-102
State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
State-certified general appraiser: means a person who holds a current, valid certification as a state-certified general appraiser issued under this chapter. See Utah Code 61-2g-102
State-certified residential appraiser: means a person who holds a current, valid certification as a state-certified residential real estate appraiser issued under this chapter. See Utah Code 61-2g-102
State-licensed appraiser: means a person who holds a current, valid license as a state-licensed appraiser issued under this chapter. See Utah Code 61-2g-102
Statute: A law passed by a legislature.
Stock corporation: means a stock insurance corporation. See Utah Code 31A-1-301
Subpoena: A command to a witness to appear and give testimony.
Surplus: means the excess of assets over the sum of paid-in capital and liabilities. See Utah Code 31A-1-301
Temporary restraining order: Prohibits a person from an action that is likely to cause irreparable harm. This differs from an injunction in that it may be granted immediately, without notice to the opposing party, and without a hearing. It is intended to last only until a hearing can be held.
Territory: means any of the following United States territories:
     (26)(a) Guam;
     (26)(b) Northern Mariana Islands;
     (26)(c) Puerto Rico; or
     (26)(d) United States Virgin Islands. See Utah Code 61-2e-102
Testimony: Evidence presented orally by witnesses during trials or before grand juries.
Town: includes , depending on population, a metro township as defined in Section 10-3c-102. See Utah Code 68-3-12.5
Trainee: means an individual who:
          (1)(y)(i) does not hold an appraiser license or appraiser certification issued under this chapter;
          (1)(y)(ii) works under the direct supervision of a state-certified appraiser to earn experience for licensure; and
          (1)(y)(iii) is registered as a trainee under this chapter. See Utah Code 61-2g-102
Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
Trustee: A person or institution holding and administering property in trust.
Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on ^{Source: OCC}
United States: includes each state, district, and territory of the United States of America. See Utah Code 68-3-12.5
Utah Code: means the 1953 recodification of the Utah Code, as amended, unless the text expressly references a portion of the 1953 recodification of the Utah Code as it existed:
     (42)(a) on the day on which the 1953 recodification of the Utah Code was enacted; or
     (42)(b)
          (42)(b)(i) after the day described in Subsection (42)(a); and
          (42)(b)(ii) before the most recent amendment to the referenced portion of the 1953 recodification of the Utah Code. See Utah Code 68-3-12.5
Utah-specific: means an educational requirement under this chapter that relates specifically to Utah. See Utah Code 61-2c-102
Valuation appraisal: means an unbiased analysis, opinion, or conclusion that estimates the value of an identified parcel of real estate or identified real property at a particular point in time. See Utah Code 61-2g-102
Vulnerable adult: means the same as that term is defined in Section 26B-6-201. See Utah Code 61-2c-102
Vulnerable adult: means the same as that term is defined in Section 26B-6-201. See Utah Code 61-2f-102
Writ: A formal written command, issued from the court, requiring the performance of a specific act.
Writ: means an order or precept in writing, issued in the name of:
     (47)(a) the state;
     (47)(b) a court; or
     (47)(c) a judicial officer. See Utah Code 68-3-12.5
Writing: includes :
     (48)(a) printing;
     (48)(b) handwriting; and
     (48)(c) information stored in an electronic or other medium if the information is retrievable in a perceivable format. See Utah Code 68-3-12.5