§ 70D-2-202. Form of notice.

(1)

(a) A person required to file notification with the commissioner under Section 70D-2-201 shall file notification with the commissioner:

(i) at least 30 days before commencing business as a lender, broker, or servicer in this state; and

(ii) on or before January 31 of each year after filing the notification required under Subsection (1)(a)(i).

(b) A notification required by this Subsection (1) shall state:

(i) the name of the person;

(ii) the name in which the business will be transacted if different from the name in Subsection(1)(b)(i);

(iii) the address of the person's principal business office, which may be outside this state;

(iv) the addresses of each office in this state at which the person conducts business as a lender, broker, or servicer;

(v) if the person conducts business as a lender, broker, or servicer but does not maintain an office in this state, a brief description of the manner in which the business is conducted;

(vi) the name and address in this state of a designated agent upon whom service of process may be made; and

(vii) any other information required by the rules of the commissioner.

(2) If information in a notification becomes inaccurate after filing, a person is not required to notify the commissioner until the earlier of when:

(a) the person is required to renew the person's notification; or

(b) the commissioner specifically requests earlier notification.

Renumbered and Amended by Chapter 72, 2009 General Session