Utah PLM Certification Practice Test 2025 – Your All-In-One Guide to Master Personal Lending & Mortgages!

The issuance of licenses to mortgage loan originators in Utah falls under the jurisdiction of the Division of Real Estate. This state agency is responsible for regulating the real estate industry, which includes overseeing the licensing and conduct of mortgage loan originators. The Division ensures that those involved in mortgage lending adhere to state laws and regulations, promoting ethical practices within the industry.

The other entities listed have different responsibilities. The Department of Revenue focuses on tax collection and revenue management for the state. The Federal Housing Administration (FHA) functions at the national level, providing mortgage insurance to lenders, but does not issue licenses. The Department of Financial Institutions regulates various financial services and institutions but does not specifically issue licenses for mortgage loan originators in the context of Utah real estate laws. Understanding these distinctions clarifies the role of the Division of Real Estate in licensing mortgage professionals.