Section R20-4-1807. Providing Copies of Records

For each loan closed in an Arizona mortgage broker’s name with a concurrent assignment of beneficial interest to a mortgage banker,

the mortgage banker licensee shall provide to the mortgage broker in whose name the loan closed a copy of:

1.        The closing instructions;

2.        Any applicable rescission notice;

3.        The HUD-1 settlement statement;

4.        The final truth-in-lending disclosure;

5.        The note;

6.        The executed deed of trust or mortgage; and

7.        Each assignment of beneficial interest by the mortgage banker licensee.

Historical Note

New Section adopted by final rulemaking at 5 A.A.R.

2094, effective June 10, 1999 (Supp. 99-2).