Utah Code § 61-2f-502

Current through the 2024 Fourth Special Session
Section 61-2f-502 - Definitions

For purposes of this part:

(1) "Civil judgment" means a judgment in a civil action that:
(a) is awarded in an action brought against a real estate licensee on the basis of fraud, misrepresentation, or deceit in a real estate transaction; and
(b) awards actual damages.
(2) "Criminal restitution judgment" means a judgment that, in accordance with the Utah Code of Criminal Procedure, orders criminal restitution to a person and against a real estate licensee for a criminal offense involving fraud, misrepresentation, or deceit in a real estate transaction.
(3) "Final judgment" means one of the following judgments upon termination of the proceedings related to the judgment, including appeals:
(a) a civil judgment; or
(b) a criminal restitution judgment.
(4) "Fund" means the Real Estate Education, Research, and Recovery Fund created in Section 61-2f-503.

Utah Code § 61-2f-502

Renumbered and Amended by Chapter 379, 2010 General Session .