Section 502 - Definitions.

UT Code § 61-2f-502 (2019) (N/A)
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(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.

(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.

(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.