Arizona Revised Statutes

azstateleg

Mortgage Brokers in the state of Arizona are regulated by Arizona Revised Statues A.R.S. 6-901 through 6-913. Below are links from the Arizona Revised Statutes that will give you a clear understanding.

Scroll down to Chapter 9 Article 1 where you will find A.R.S 6-901 – 6-913

 

Mortgage Bankers in the state of Arizona are regulated by Arizona Revised Statues A.R.S. 6-941 through 6-949

Scroll down to Chapter 9 Article 2 where you will find A.R.S 6-941 – 6-949

 

Commercial Mortgage Bankers in the state of Arizona are regulated by Arizona Revised Statues A.R.S. 6-971 through 6-985

Scroll down to Chapter 9 Article 3 where you will find A.R.S 6-971 – 6-985

When it comes to the mortgage business, Arizona is also a “brick and mortar” state. What this means is all licensed entities must maintain a physical and principal place of business.

Mortgage Brokers – A.R.S. 6-904(H):

“Every licensed mortgage broker and licensed commercial mortgage broker shall designate and maintain a principal place of business in this state for the transaction of business. . .”

Mortgage Bankers – A.R.S. 6-944(E):

“Every licensed mortgage banker shall designate and maintain a principal place of business in this state for the transaction of business. . .”

Commercial Mortgage Bankers – A.R.S. 6-979(A):

“Each licensed commercial mortgage banker shall designate and maintain a principal place of business in this state to transact business…”