Arizona § 6-949 Conversion to mortgage broker license

Arizona Statutes

§ 6-949 — Conversion to mortgage broker license

Arizona·Title 6 Arizona Revised Statutes·Ch. 9 MORTGAGE BROKERS, MORTGAGE BANKERS AND LOAN ORIGINATORS·Art. 2 Mortgage Bankers

Notwithstanding any other law, a licensee who funds in the aggregate one hundred fifty or fewer loans in the immediately preceding calendar year may apply at the time of license renewal to the department for a conversion to a mortgage broker license issued pursuant to article 1 of this chapter.  The conversion application shall be in a manner prescribed by the deputy director by rule. The approval of the conversion is at the discretion of the deputy director.

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Notwithstanding any other law, a licensee who funds in the aggregate one hundred fifty or fewer loans in the immediately preceding calendar year may apply at the time of license renewal to the department for a conversion to a mortgage broker license issued pursuant to article 1 of this chapter. The conversion application shall be in a manner prescribed by the deputy director by rule. The approval of the conversion is at the discretion of the deputy director.

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