Arizona § 32-3668 Owner requirements

Arizona Statutes

§ 32-3668 — Owner requirements

Arizona·Title 32 Arizona Revised Statutes·Ch. 36 REAL ESTATE APPRAISAL·Art. 5 Appraisal Management Companies

A.An appraisal management company applying for registration may not be owned by a person or have any principal of the company who has had any financial, real estate or mortgage lending industry license or certificate refused, denied, canceled, revoked or voluntarily surrendered in this state or in any other state. This requirement may be waived at the discretion of the deputy director.

B.Each person that owns, is an officer of or has a financial interest in an appraisal management company in this state shall:

1.Apply for a valid fingerprint clearance card issued pursuant to section 41-1758.03.

2.Certify to the deputy director that the person has never had any financial, real estate or mortgage lending industry license or certificate refused, denied, canceled, revoked or voluntarily

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A. An appraisal management company applying for registration may not be owned by a person or have any principal of the company who has had any financial, real estate or mortgage lending industry license or certificate refused, denied, canceled, revoked or voluntarily surrendered in this state or in any other state. This requirement may be waived at the discretion of the deputy director.

B. Each person that owns, is an officer of or has a financial interest in an appraisal management company in this state shall:

1. Apply for a valid fingerprint clearance card issued pursuant to section 41-1758.03.

2. Certify to the deputy director that the person has never had any financial, real estate or mortgage lending industry license or certificate refused, denied, canceled, revoked or voluntarily surrendered in this state or in any other state. This requirement may be waived by appeal and at the discretion of the deputy director.

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