Title 61 Chapter 2f Section 507
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Securities Division - Real Estate Division | |
Real Estate Licensing and Practices Act | |
Section 507 | Division authority to act upon receipt of petition. |
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61-2f-507. Division authority to act upon receipt of
petition.
(1) When the division is served a petition under Section 61-2f-506, the division may: (a) file an answer to the petition in the court; (b) initiate a review proceeding conducted by the division; or (c) appear in any proceeding in the name of the defendant to the action or on behalf of the fund. (2) The division may settle a claim against the fund if: (a) the person who brings the claim requests a settlement; and (b) the court in which the petition is filed approves the settlement. Renumbered and Amended by Chapter 379, 2010 General Session | |
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