Section R20-4-708. Financial Condition and Resources

The Superintendent shall consider the following criteria in evaluat- ing an escrow agent’s, other escrow agent’s, or applicant’s financial condition and resources under A.R.S. § 6-817:

1.        Amount of positive net worth,

2.        Amount of tangible net worth,

3.        Amount of liquid assets,

4.        Amount of cash provided by operations,

5.        Ratio of debt to net worth,

6.        Owner’s personal financial resources,

7.        Outside resources available,

8.        Profitability,

9.        Projected operating results,

10.     Status as agent for a title insurance company, and

11.     Sources of new business.

Historical Note

New Section made by final rulemaking at 7 A.A.R. 5385, effective November 9, 2001 (Supp. 01-4).