License Information:

Mortgage Broker (License)

License Description:

Major Requirements for License: 1) Three or more years' experience as a mortgage broker, or equivalent lending experience in a related business during the five years immediately preceding the time of application; 2. Satisfactorily completed a course of study approved by the Superintendent of Financial Institutions during the three years immediately preceding the time of application; 3. Passed a mortgage broker's test, pursuant to Arizona Administrative Code section 6-908, not more than one year before the granting of the license; 4) Every person licensed as a mortgage broker shall deposit with the superintendent, before doing business as a mortgage broker, a bond executed by the licensee as principal and a surety company authorized to do business in this state as surety 5) Application Fee - see "License Fee. License Fee: Initial - $800; Renewal (Annually on or before Sept. 30 - $250 (negotiates or closes 50 or fewer loans in preceding year), $500 (negotiates or closes more than 50 loans in preceding calendar year). In addition, a mortgage broker shall pay $200 for each branch office. Continuing Education: None

Licensing Agency:

Financial Institutions, Department of 2910 N 44th Street, Suite 310 Phoenix, AZ 85018 (602) 255-4421 licensing@azdfi.gov http://azdfi.gov/Licensing/Intro.htm

License History

2009  Number of Active Licenses (Annual):  1118

To request changes or additions to the information above, please contact the National Crosswalk Service Center directly at NCSC@iowa.gov or 515.242.5034.