WBK Industry News - State Regulatory Developments

Arizona Amends Licensing Provisions

Arizona amended various statutes, including its provisions regarding the licensing of consumer lenders, mortgage bankers, and mortgage brokers.  The amendments of House Bill 2612 remove the following criteria to be considered as grounds for denial, suspension, or revocation of licenses: an applicant or licensee’s honesty, truthfulness, integrity, or “moral character.”  These amendments become effective July 23, 2022.