1. (1) An application for registration or renewal of registration as a maintenance funding provider shall include:

   1. (a) the applicant's:

      1. (i) name, and any alternate name that it uses to do business as a maintenance funding provider;
      2. (ii) street address;
      3. (iii) mailing address;
      4. (iv) telephone number, and if applicable, facsimile number;
      5. (v) email address;
      6. (vi) web address, if it maintains a website;

   2. (b) a person designated by the applicant to be its contact person with whom the division will communicate regarding the application, and that person's:

      1. (i) name;
      2. (ii) street address;
      3. (iii) mailing address;
      4. (iv) telephone number; and
      5. (v) email address;

   3. (c) the applicant's registered agent for service of process in the state, and the registered agent's:

      1. (i) name;
      2. (ii) street address;
      3. (iii) mailing address; and
      4. (iv) telephone number; and

   4. (d) a copy of any template agreement used by the maintenance funding provider to provide maintenance funding to an individual, which shall:

      1. (i) satisfy each requirement for a maintenance funding agreement in accordance with Section 13-57-301; and
      2. (ii) include each required disclosure in accordance with Section 13-57-302.

2. (2) An application for registration or for renewal of registration as a maintenance funding provider shall:

   1. (a) be executed on the form authorized by the division; and
   2. (b) include payment of the application fee.

3. (3) If information in an application for registration or for renewal of registration as a maintenance funding provider materially changes or becomes incorrect or incomplete, the maintenance funding provider shall, within 30 days after the information changes or becomes incorrect or incomplete:

   1. (a) submit the correct information on the corresponding page of the registration application; and
   2. (b) submit a cover page or letter that explains the submission is correcting information provided for an existing registration.
4. (4) A maintenance funding provider shall submit to the division an application for renewal of its registration as a maintenance funding provider no less than 30 days before its registration as a maintenance funding provider will expire.
5. (5) A maintenance funding provider is registered on the day the division issues the registration. The division's issuance of a registration to a maintenance funding provider does not constitute the division's or the state's endorsement or approval of the maintenance funding provider, or of any term in the provider's contract.

KEY: consumer protection, legal funding, maintenance funding, registration

Date of Last Change: July 9, 2020

Notice of Continuation: June 18, 2025

Authorizing, and Implemented or Interpreted Law: 13-2-5(1); 13-57-201(2)(b)(ii); 13-57-201(3)(b)(ii); 13-57-401(1) through (4).