70D-3-302 - Examination. - Utah Statutes

70D-3-302. Examination.
(1) Before an individual may be licensed under this chapter, the individual shall pass awritten examination that:
(a) meets the requirements of 12 U.S.C. Sec. 5104(d);
(b) is developed by the nationwide database; and
(c) is administered by an approved examination provider.
(2) The commissioner shall make rules made in accordance with Title 63G, Chapter 3,Utah Administrative Rulemaking Act, that:
(a) require that an individual comply at a minimum with the standards of 12 U.S.C. Sec.5104(d); and
(b) address:
(i) what constitutes passing a written examination;
(ii) the ability of an individual to retake a written examination if the individual fails thewritten examination; and
(iii) when an individual is required to retake a written examination if an individual failsto maintain a valid license under this chapter after taking the written examination.

Enacted by Chapter 72, 2009 General Session