13-42-112. Registration in another state -- Rulemaking.
(1) (a) Subject to rules made by the administrator, if a provider holds a license or
certificate of registration in another state authorizing it to provide debt-management services, the
provider may submit a copy of that license or certificate and the application for it instead of an
application in the form prescribed by Subsection 13-42-105(1), Section 13-42-106, or Subsection
13-42-111(2).
(b) The administrator shall accept the application and the license or certificate from the
other state as an application for registration as a provider or for renewal of registration as a
provider, as appropriate, in this state if:
(i) the application in the other state contains information substantially similar to or more
comprehensive than that required in an application submitted in this state;
(ii) the applicant provides the information required by Subsections 13-42-106(1), (3),
(10), (12), and (13);
(iii) the applicant, under penalty of perjury, certifies that the information contained in the
application is current or, to the extent it is not current, supplements the application to make the
information current; and
(iv) the applicant files a surety bond or substitute in accordance with Section 13-42-113
or 13-42-114 that is solely payable or available to this state and to individuals who reside in this
state.
(2) The administrator, in accordance with Title 63G, Chapter 3, Utah Administrative
Rulemaking Act, shall make rules designating the states in which a provider may have a license
or certificate that may be submitted to the administrator in compliance with this section.
Amended by Chapter 382, 2008 General Session
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Last revised: Thursday, May 28, 2009