(1) The division may use money accumulated in the fund in excess of the amount necessary to satisfy claims to: (a) investigate violations of this chapter related to fraud; and (b) advance education and research in the field of residential mortgage loans.
(a) investigate violations of this chapter related to fraud; and
(b) advance education and research in the field of residential mortgage loans.
(2) The division may use the excess money described in Subsection (1) only in a manner consistent with Subsection (1), including for: (a) courses sponsored by the division; (b) courses offered by the division in conjunction with a university or college in Utah; (c) contracting for a research project for the state in the field of residential mortgage loans; (d) funding the salaries and training expenses of division staff members who are employed in positions related to the education of mortgage licensees; (e) funding the training expenses of division staff members who are employed in positions conducting investigations of complaints under this chapter; and (f) publishing and distributing educational materials to: (i) licensees; and (ii) applicants for licensure.
(a) courses sponsored by the division;
(b) courses offered by the division in conjunction with a university or college in Utah;
(c) contracting for a research project for the state in the field of residential mortgage loans;
(d) funding the salaries and training expenses of division staff members who are employed in positions related to the education of mortgage licensees;
(e) funding the training expenses of division staff members who are employed in positions conducting investigations of complaints under this chapter; and
(f) publishing and distributing educational materials to: (i) licensees; and (ii) applicants for licensure.
(i) licensees; and
(ii) applicants for licensure.
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