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AZ HB2004
Bill
Status
Passed
4/6/2011
Primary Sponsor
John Kavanagh
Click for details
AI Summary
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Allows a person holding a mortgage broker license to convert it to a commercial mortgage broker license by applying to the superintendent in a manner prescribed by rule.
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Conversion approval is discretionary and determined by the superintendent.
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Exempts the Department of Financial Institutions from standard rule-making requirements under Arizona Revised Statutes Title 41, Chapter 6 for one year after the bill's effective date.
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Section 1 is effective retroactively to September 30, 2009.
Legislative Description
Commercial mortgage brokers; license conversion
Last Action
Governor Signed
4/6/2011
Full Bill Text
No bill text available