Arizona Administrative Code
Title 4 - PROFESSIONS AND OCCUPATIONS
Chapter 46 - DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS DIVISION, REAL ESTATE APPRAISAL
Article 4 - APPRAISAL MANAGEMENT COMPANIES
Section R4-46-401 - Application for Initial Registration

Universal Citation: AZ Admin Code R 4-46-401

Current through Register Vol. 30, No. 38, September 20, 2024

A. Unless exempt under A.R.S. § 32-3663 or 12 USC § 3353(c), a person shall not engage in business as an AMC and shall not provide any appraisal management services unless registered with the Department.

B. To register under subsection (A), a person shall submit:

1. A registration application, which is available from the Department and on its website, and provide the information and certifications required under A.R.S. § 32-3662(B);

2. The name and contact information of the controlling person who will be the main contact for all communication between the Department and the AMC;

3. For the controlling person, each officer, and each individual who owns 10% or more of the AMC:
a. A copy of a fingerprint clearance card application under A.R.S. § 41-1758.03, and

b. The certification required under A.R.S. § § 32-3668(B)(3) or 32-3669(B)(1), as applicable;

4. Proof of the surety bond required under A.R.S. § 32-3667 and Section R4-46-402; and

5. The application fee specified under Section R4-46-106.

C. If an AMC operates in Arizona under more than one name, other than a DBA, the controlling person of the AMC shall ensure that a complete application, as described in subsection (B), is submitted in each name under which the AMC will operate. However, if an individual previously submitted a copy of a valid fingerprint clearance card application under subsection (B), the individual is not required to resubmit the fingerprint clearance card unless the card has expired, or is suspended, or cancelled.

Disclaimer: These regulations 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.
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