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AZ HB2211
Bill
Status
2/11/2013
Primary Sponsor
Kate Brophy McGee
Click for details
AI Summary
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Extends the education course completion timeframe for loan originator license applicants from two years to three years immediately preceding application.
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Modifies examination requirements by removing the "not more than one year before" timing restriction and instead requiring applicants to demonstrate knowledge of federal law, state law, and subjects in section 6-991.07.
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Adds a new requirement that loan originators who failed to maintain a valid license for five years or longer must retake the loan originator's examination before reapplication.
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Removes the restriction limiting inactive license status to no more than two consecutive renewal periods in any ten-year period.
Legislative Description
Loan originators
Last Action
Senate majority caucus: Do pass
3/28/2013