Arizona Revised Statutes § 6-974 Application For License; Issuance Or Denial; Fees

6-974. Application for license; issuance or denial; fees

A. A person shall apply for a license or for a renewal of a license in writing on the forms, in the manner and accompanied by the information prescribed by the superintendent. The superintendent may require additional information on the experience, background, honesty, truthfulness, integrity and competency of the applicant and any responsible individual designated by the applicant. If the applicant is a person other than a natural person, the superintendent may require this information as to the honesty, truthfulness, integrity and competency of any officer, director, shareholder, member, partner, trustee, employee or other interested party of the firm, association or corporation.

B. The superintendent, on determining that the applicant is qualified, shall issue a commercial mortgage banker's license to the applicant that is evidenced by a continuous certificate. The superintendent shall grant or deny a license within one hundred twenty days after receiving the completed application. An applicant who has been denied a license may not reapply for a license before one year after the date of the previous application.

C. The nonrefundable application fee and annual renewal fee are as prescribed by the superintendent. Application fees and annual renewal fees shall be based upon the cost to the department to process the application and regulate licensees. The nonrefundable application fee shall accompany each application for an original license only. The superintendent shall deposit, pursuant to sections 35-146 and 35-147, the monies in the state general fund.

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Last modified: October 13, 2016