Arizona Administrative Code (Last Updated: November 17, 2016) |
Title 20. COMMERCE, FINANCIAL INSTITUTIONS, AND INSURANCE |
Chapter 4. DEPARTMENT OF FINANCIAL INSTITUTIONS |
Article 9. MORTGAGE BROKERS |
Section R20-4-927. Conversion to Commercial Mortgage Broker License
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A. Under A.R.S. § 6-913, a mortgage broker licensee shall only be permitted to convert his or her license to a commercial mortgage broker license during the renewal period established by A.R.S. § 6-904.
B. The licensee seeking conversion shall not be subject to the 12 continuing education units as prescribed by A.R.S. § 6- 903(V).
C. The licensee seeking conversion shall submit:
1. The renewal fees required by A.R.S. § 6-126 for commer- cial mortgage brokers, and
2. The information and documents required by A.R.S. § 6- 903.
Historical Note
New Section adopted by final rulemaking at 18 A.A.R.
2622, effective December 2, 2012 (Supp. 12-4).