2012 Arizona Revised Statutes
Title 6 Banks and Financial Institutions
6-991.10 Payments to the mortgage recovery fund
6-991.10. Payments to the mortgage recovery fund
A. In addition to any other fees, applicants shall pay an amount to be determined by the superintendent to the mortgage recovery fund on application for an original loan originator license.
B. If, on June 30 of any year, the balance remaining in the mortgage recovery fund is less than two million dollars, every licensee when renewing a loan originator license during the following license year shall pay, in addition to the license renewal fee, a fee to be determined by the superintendent for deposit in the mortgage recovery fund.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
