Utah § 7-25-403 - Termination or suspension of authorized agent activity.

Full text of Utah Utah Code § 7-25-403 — Termination or suspension of authorized agent activity., with citation guidance and answers to common questions.

§ 7-25-403. Termination or suspension of authorized agent activity.

Effective 5/12/2015
7-25-403. Termination or suspension of authorized agent activity.

(1)

(a)

The commissioner may issue an order suspending or barring an authorized agent from continuing to be or becoming an authorized agent of a licensee during the period for which the order is in effect, if subject to Title 63G, Chapter 4, Administrative Procedures Act, the commissioner finds that an authorized agent of a licensee or a director, officer, employee, or controlling person of the authorized agent has:

(i)	violated this chapter or a rule or order issued under this chapter;

(ii)	engaged or participated in an unsafe or unsound act with respect to the business of selling or issuing payment instruments of the licensee or the business of money transmission; or

(iii)

made or caused to be made in an application or report filed with the commissioner or a proceeding before the commissioner, a statement that was at the time and in the circumstances under which it was made, false or misleading with respect to a material fact, or has omitted to state in the application or report a material fact that is required to be stated in the application or report.

(b)	Upon issuance of the order, the licensee shall terminate its relationship with the authorized agent according to the terms of the order.

(2)

An authorized agent to whom an order is issued under this section may apply to the commissioner to modify or rescind the order. The commissioner may not grant the application unless the commissioner finds that it is in the public interest to do so and that it is reasonable to believe that the person will, if and when the person is permitted to resume being an authorized agent of a licensee, comply with all applicable provisions of this chapter and a rule or order issued under this title.

Enacted by Chapter 284, 2015 General Session

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

Frequently Asked Questions About Utah § 7-25-403

What does Utah Code § 7-25-403 cover?

Section 7-25-403 ("Termination or suspension of authorized agent activity.") 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 § 7-25-403?

A common citation format is "Utah Code § 7-25-403" (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 § 7-25-403 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

Official text of § 7-25-403 at the Utah source

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