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AZ HB2211

Bill

Status

Engrossed

2/11/2013

Primary Sponsor

Kate Brophy McGee

Click for details

Origin

House of Representatives

Fifty-first Legislature - First Regular Session (2013)

AI Summary

  • Extends the education course completion timeframe for loan originator license applicants from two years to three years immediately preceding application.

  • 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.

  • 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.

  • 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

Full Bill Text

No bill text available