Which of the following is an accurate statement of the address requirements of a licensed mortgage entity in Utah?

A licensed mortgage entity in Utah is required to provide a physical street address to the Division. This ensures that there is a concrete location where the entity conducts its business, enhancing accountability and transparency within the industry. A physical address allows for effective communication and ensures that regulatory bodies can reach the entity if necessary.

Providing a P.O. Box as a primary address is insufficient because it does not represent a physical location where business activities occur. This requirement applies universally to all licensed entities and not just to headquarters or residential lenders, emphasizing the importance of having a designated physical presence for operational integrity.