AGENCY: Department of Commerce. Division of Consumer Protection
SERIES: 9243
TITLE: Business opportunity disclosure records
DATES: 1979-2026
ARRANGEMENT: Alphabetical by company name
DESCRIPTION: The Division of Consumer Protection administers and enforces the Business Opportunity Disclosure Act (Utah Code 13-15) as mandated by Utah Code 13-2-102(2) (2027). Registration records document businesses wanting to sell business opportunities in Utah. Records include, applications, disclosure statements, company financial statements, proof of notice information, and other records required for registration.
Under Utah Code 63A-19-401.1 (2026), the Utah Department of Commerce hereby discloses this record series includes personal data.
Personal data that may be contained in a business opportunity disclosure records may include name, home phone number, applicant's criminal history, social security number, case summary.
The Division collects registration information to determine if an applicant meets statutory/rule registration requirements.
Utah Code 13-2-102(2) (2027) and Utah Code 13-15-201 (2026).
RETENTION
Retain for 10 year(s)
DISPOSITION
Destroy.
RETENTION AND DISPOSITION AUTHORIZATION
Retention and disposition for this series were specifically approved by the State Records Committee.
APPROVED: 07/1989
FORMAT MANAGEMENT
Computer data files: Retain in Office for 10 years and then delete.
Paper: For records beginning in 1989 through 2016. Retain in Office for 1 year and then transfer to State Records Center. Retain in State Records Center for 9 years and then destroy.
APPRAISAL
Administrative Fiscal Legal
These records have legal value based on the usefulness to document and protect the rights and interests of an individual or organization, to demonstrate compliance with laws and regulations, or to meet other legal needs. Specifically, Utah Code 13-2-107(7)(a) (2026) establishes a 10 year statute of limitations for filing an administrative enforcement actions for alleged violations.
PRIMARY DESIGNATION
Public. Utah Code 63G-2-201(2) (2026)
SECONDARY DESIGNATION
Private. Utah Code 63G-2-305(10) (2026)