Which Utah regulatory body is responsible for overseeing mortgage regulation?

• A. Utah Department of Real Estate.
• B. Mortgage and Financial Fraud Unit.
• C. Residential Mortgage Regulatory Commission.
• D. Utah Division of Banking.

Answer: (C)

Mortgages are regulated by a body that specializes in overseeing residential mortgage lending, including licensing lenders and brokers, setting rules, and enforcing compliance. That focused role makes it the best fit for mortgage oversight among agencies that handle broader real estate or banking functions. In Utah, this function is carried out by the Residential Mortgage Regulatory Commission, which licenses and supervises mortgage originators and lenders and takes enforcement actions when rules are violated. The Utah Department of Real Estate handles licensing for real estate professionals, not mortgage licenses; the Mortgage and Financial Fraud Unit is a law-enforcement arm that investigates fraud; and the Utah Division of Banking concentrates on banks and other financial institutions, not the entire residential mortgage market.