Utah § 2c-501 - Fund created.
Full text of Utah Utah Code § 2c-501 — Fund created., with citation guidance and answers to common questions.
§ 2c-501. Fund created.
| (1) | There is created an expendable special revenue fund known as the "Residential Mortgage Loan Education, Research, and Recovery Fund." |
| (2) | The interest earned on the fund shall be deposited into the fund. |
| (3) |
At the beginning of each fiscal year, the division shall make available $100,000 in the fund to satisfy final judgments rendered against a person licensed under this chapter. |
Amended by Chapter 400, 2013 General Session
Frequently Asked Questions About Utah § 2c-501
What does Utah Code § 2c-501 cover?
Section 2c-501 ("Fund created.") 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 § 2c-501?
A common citation format is "Utah Code § 2c-501" (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 § 2c-501 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.