Utah Admin. Code 152-57-4

Current through Bulletin No. 2024-21, November 1, 2024

Section R152-57-4 - Application for Registration or Renewal of Registration

(1) An application for registration or renewal of registration as a maintenance funding provider shall include:

(a) the applicant's:

(i) name, and any alternate name that it uses to do business as a maintenance funding provider;

(ii) street address;

(iii) mailing address;

(iv) telephone number, and if applicable, facsimile number;

(v) email address;

(vi) web address, if it maintains a website;

(b) a person designated by the applicant to be its contact person with whom the division will communicate regarding the application, and that person's:

(i) name;

(ii) street address;

(iii) mailing address;

(iv) telephone number; and

(v) email address;

(c) the applicant's registered agent for service of process in the state, and the registered agent's:

(i) name;

(ii) street address;

(iii) mailing address; and

(iv) telephone number; and

(d) a copy of any template agreement used by the maintenance funding provider to provide maintenance funding to an individual, which shall:

(i) satisfy each requirement for a maintenance funding agreement in accordance with Section 13-57-301; and

(ii) include each required disclosure in accordance with Section 13-57-302.

(2) An application for registration or for renewal of registration as a maintenance funding provider shall:

(a) be executed on the form authorized by the division; and

(b) include payment of the application fee.

(3) If information in an application for registration or for renewal of registration as a maintenance funding provider materially changes or becomes incorrect or incomplete, the maintenance funding provider shall, within 30 days after the information changes or becomes incorrect or incomplete:

(a) submit the correct information on the corresponding page of the registration application; and

(b) submit a cover page or letter that explains the submission is correcting information provided for an existing registration.

(4) A maintenance funding provider shall submit to the division an application for renewal of its registration as a maintenance funding provider no less than 30 days before its registration as a maintenance funding provider will expire.

(5) A maintenance funding provider is registered on the day the division issues the registration. The division's issuance of a registration to a maintenance funding provider does not constitute the division's or the state's endorsement or approval of the maintenance funding provider, or of any term in the provider's contract.

Utah Admin. Code R152-57-4

Adopted by Utah State Bulletin Number 2020-14, effective 7/9/2020