How many members serve on Utah's Residential Mortgage Regulatory Commission, and what is the term length?

• A. Seven members, two-year terms
• B. Three members, six-year terms
• C. Five members, four-year terms
• D. Nine members, four-year terms

Answer: (C)

Five members serve on Utah's Residential Mortgage Regulatory Commission, and each member has a four-year term. This size offers a balanced mix of consumer and industry perspectives while remaining small enough for efficient decision-making and clear accountability. Four-year terms provide stability and time for members to gain experience and contribute to thoughtful policy, with the potential for renewal to bring in fresh viewpoints over time. Terms can be arranged so not all members’ terms end simultaneously, preserving continuity. The other options would either stretch the committee too thin or make it unwieldy, or impose terms that are too long or too short for effective oversight.