Utah § 7-1-201 - Creation of department -- Organization.

Full text of Utah Utah Code § 7-1-201 — Creation of department -- Organization., with citation guidance and answers to common questions.

§ 7-1-201. Creation of department -- Organization.

Effective 5/9/2017
7-1-201.  Creation of department -- Organization.
(1) There is created the Department of Financial Institutions that is responsible for the execution of the laws of this state relating to a financial institution or other person subject to this title, and relating to the businesses that the financial institution or other person conducts.
(2) The department organization includes:
(a) the commissioner of financial institutions, who shall be the chief executive officer of the department;
(b) the Board of Financial Institutions;
(c) the chief examiner;
(d) the deputy commissioner;
(e) the supervisor of banks;
(f) the supervisor of industrial banks;
(g) the supervisor of credit unions;
(h) the supervisor of money services businesses;
(i) the supervisor of holding companies; and
(j) other supervisors, examiners, and personnel as may be required to carry out the duties, powers, and responsibilities of the department.
(3) A power or duty of the commissioner under this title may be exercised by the deputy commissioner or a supervisor described in Subsection (2) if the commissioner delegates in writing the authority to exercise the power or duty to the deputy commissioner or supervisor.


Amended by Chapter 169, 2017 General Session

Source: official Utah text · Last verified 2026-08-27

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Frequently Asked Questions About Utah § 7-1-201

What does Utah Code § 7-1-201 cover?

Section 7-1-201 ("Creation of department -- Organization.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 7-1-201?

A common citation format is "Utah Code § 7-1-201" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 7-1-201 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.