Which of the following is not a requirement for a licensee in Utah regarding employee reporting?

The requirement to submit employee training records annually is not mandated for licensees in Utah regarding employee reporting. Instead, the primary focus for compliance typically involves timely reporting of employees through the NMLS, maintaining updated employee lists, and conducting background checks on new hires to ensure a compliant and effective workforce.

Reporting new hires promptly ensures that the regulatory body has current information, which is crucial for monitoring compliance with licensing requirements. Similarly, conducting background checks aligns with the goals of ensuring the integrity and qualifications of employees involved in personal lending and mortgage activities. Maintaining updated employee lists is essential for overall operational clarity and compliance with state regulations.

In contrast, the submission of employee training records is not a stipulated requirement. While training may be an important part of employee development and compliance culture, it does not specifically fall under the same mandatory reporting requirements as the other actions described.