Arizona § 6-974 Application for license; issuance or denial; fees

Arizona Statutes

§ 6-974 — Application for license; issuance or denial; fees

Arizona § 6-974

Title 6Arizona Revised Statutes

Ch. 9MORTGAGE BROKERS, MORTGAGE BANKERS AND LOAN ORIGINATORS

Art. 3Commercial Mortgage Bankers

This text of Arizona § 6-974 (Application for license; issuance or denial; fees) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 6-974 (2026).

Text

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 deputy director. The deputy director may require additional information on the experience, background 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 deputy director may require this information as to the competency of any officer, director, shareholder, member, partner, trustee, employee or other interested party of the firm, association or corporation.

B.The deputy director, on determining that the applicant is qualified, shall issue a commercial mortgage banker's license to the applicant that is evidenced by a continuous ce

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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 deputy director. The deputy director may require additional information on the experience, background 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 deputy director may require this information as to the competency of any officer, director, shareholder, member, partner, trustee, employee or other interested party of the firm, association or corporation.

B. The deputy director, 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 deputy director 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 deputy director. Application fees and annual renewal fees shall be based on 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 deputy director shall deposit, pursuant to sections 35-146 and 35-147, the monies in the state general fund.