Utah § 2g-405 - Recordkeeping requirements.

Full text of Utah Utah Code § 2g-405 — Recordkeeping requirements., with citation guidance and answers to common questions.

§ 2g-405. Recordkeeping requirements.

Effective 5/12/2020
61-2g-405.  Recordkeeping requirements.
(1) Subject to Subsection (2), a person licensed or certified under this chapter shall retain for a period of five years the original or a true copy of:
(a) each written contract engaging the person's services for real estate or real property appraisal work;
(b) each appraisal report prepared or signed by the person; and
(c) the supporting data assembled and formulated by the appraiser in preparing each appraisal report.
(2) The five-year period for retention of records is applicable to each engagement of the services of the appraiser and begins upon the date of the delivery of each appraisal report to the client unless, within the five-year period, the appraiser is notified that the appraisal or the appraisal report is involved in litigation, in which event the records must be maintained for the longer of:
(a) five years; or
(b) two years following the date of the final disposition of the litigation.
(3) Upon reasonable notice, a person licensed or certified under this chapter shall make the records required to be maintained under this chapter available to the division for inspection and copying.


Amended by Chapter 72, 2020 General Session

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Frequently Asked Questions About Utah § 2g-405

What does Utah Code § 2g-405 cover?

Section 2g-405 ("Recordkeeping requirements.") 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 § 2g-405?

A common citation format is "Utah Code § 2g-405" (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 § 2g-405 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.