Which of the following does NOT have jurisdiction over the mortgage industry in Utah?

Prepare for the Utah PLM Test with flashcards, multiple choice questions, and detailed explanations. Maximize your chances of passing with a thorough review of lending and mortgage concepts.

The Division of Professional Licensing does not have jurisdiction over the mortgage industry in Utah. The primary regulatory bodies overseeing the mortgage industry include the Department of Commerce, the Division of Real Estate, and the State Attorney General's Office.

The Department of Commerce is responsible for enforcing many aspects of business regulation in Utah, which naturally includes the mortgage industry. The Division of Real Estate specifically handles real estate and mortgage-related matters, ensuring compliance with state regulations and licensing requirements for real estate professionals and lenders. The State Attorney General's Office plays a role in enforcing consumer protection laws and addressing any fraudulent activities within the mortgage sector.

In contrast, the Division of Professional Licensing generally focuses on a variety of professions that require licenses, which can include but is not limited to medical professionals, cosmetologists, and other trades. This division does not directly regulate mortgages or lending practices, making it the option that does not hold jurisdiction over the mortgage industry in Utah.

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