Utah § 7-25-301 - Reporting requirements.

Full text of Utah Utah Code § 7-25-301 — Reporting requirements., with citation guidance and answers to common questions.

§ 7-25-301. Reporting requirements.

Effective 5/12/2015
7-25-301.  Reporting requirements.
(1) Within 15 days of the occurrence of an event listed in this Subsection (1), a licensee shall file a written report with the commissioner describing the event and its expected impact on the licensee's activities in the state:
(a) the filing for bankruptcy or reorganization by the licensee;
(b) the institution of revocation or suspension proceedings against the licensee by a state or governmental authority with regard to the licensee's money transmission activities;
(c) a felony indictment of the licensee or any of its officers, directors, or principals related to money transmission activities;
(d) a felony conviction of the licensee or any of its officers, directors, or principals related to money transmission activities; and
(e) any other event that the commissioner may determine by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.
(2) An authorized agent shall report to the licensee the theft or loss of payment instruments valued at $5,000 or more within 24 hours from the time the authorized agent knew or should have known of the theft or loss. Upon the receipt of the report, the licensee shall immediately provide the information to the commissioner.


Enacted by Chapter 284, 2015 General Session

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Frequently Asked Questions About Utah § 7-25-301

What does Utah Code § 7-25-301 cover?

Section 7-25-301 ("Reporting 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 § 7-25-301?

A common citation format is "Utah Code § 7-25-301" (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 § 7-25-301 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.