2012 Arizona Revised Statutes
Title 6 Banks and Financial Institutions
6-1253 Application for license; financial statement

6-1253. Application for license; financial statement

A. A person shall make an application for a license in writing, under oath and in the form prescribed by the superintendent. The superintendent may require additional information on the experience, background, honesty, truthfulness, integrity and competency of the applicant. If the applicant is a person other than a natural person, the superintendent may require information as to the honesty, truthfulness, integrity and competency of any executive officer, director, shareholder, member, partner, trustee, employee or any other interested party of the firm, partnership or association.

B. Each applicant shall include with an application for a license both of the following:

1. A statement of personal history in the form prescribed by the superintendent. If the applicant is a person other than a natural person, the superintendent may require a statement of personal history of any executive officer, director, shareholder, member, partner, trustee, employee or any other interested party of the firm, partnership or association. The statement of personal history prescribed in this section is confidential and is not a public record under title 39, chapter 1, article 2.

2. A financial statement in the form prescribed by the superintendent that accurately states the applicant's assets, liabilities and net worth.

C. The superintendent may acquire as part of the application a credit report and any information the superintendent deems necessary in order to evaluate the applicant's qualifications for licensure pursuant to this chapter.

D. This chapter applies to any person who seeks to avoid its application by any subterfuge or pretense.