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 R4-46-404 - Application for Renewal Registration

Universal Citation: AZ Admin Code R 4-46-404

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

A. Under A.R.S. § 32-3665, an initial registration for an AMC expires one year after the date of issuance. A renewal registration for an AMC expires two years after the date of issuance.

B. To renew registration for an AMC, the controlling person of the registered AMC shall, within 60 days before expiration, submit:

1. A renewal registration application,

2. The certifications required under A.R.S. § 32-3662(B),

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

4. The renewal fee under Section R4-46-106,

5. Evidence that each person who has at least a 10% ownership interest in the AMC and the controlling person have applied for a valid fingerprint clearance card unless a valid fingerprint clearance card is currently on file with the Department, and

6. Disclose any changes to the percentage of ownership.

C. If the controlling person of a registered AMC fails to comply with subsection (B) and the registration expires, the controlling person shall ensure that the AMC immediately ceases providing all appraisal management services. The Department may accept a renewal application after the expiration date if within 90 days of the date of expiration but shall assess a delinquent renewal fee in addition to the renewal fee.

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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