On April 1, Utah enacted SB 332, which amends the Utah Residential Mortgage Practices and Licensing Act, the Real Estate Licensing and Practices Act, and the Real Estate Appraiser Licensing and Certification Act to establish a procedure for the voluntary surrender of a license issued under each of those acts. The bill clarifies the scope of what it means to be engaged in the business of residential mortgage loans under the Utah Residential Mortgage Practices and Licensing Act, and includes numerous other amendments to the other two Acts. The changes take effect May 13 2014.
- How-to guide How-to guide: How to navigate challenges relating to Source of Wealth and Source of Funds (UK)
- How-to guide How-to guide: How to identify suspicious activity and make a Suspicious Activity Report (SAR) (USA)
- How-to guide How-to guide: Maximizing the use of boilerplate clauses to limit the risk of unforeseen events (USA)