23 CAR § 301-407. Other experience or competence requirements

(a) As used in Arkansas Code § 23-39-505(c), a person shall be considered to have acquired experience in mortgage lending if: (1) During any documented period, that person's employment income was principally derived from employment in the banking, mortgage banking, mortgage brokerage, or real estate industry; or (2) That person has passed either the Uniform Certified Public Accountants Exam, or a state bar exam, and that person remains in good standing. (b) The Securities Commissioner may use an applicant’s educational background as a contributing factor for experience.