R20-4-927. Conversion to Commercial Mortgage Broker License

A. Under A.R.S. § 6-913, a mortgage broker licensee shall only be permitted to convert the license to a commercial mortgage broker license during the renewal period established by A.R.S. § 6-904. B. The licensee seeking conversion shall not be subject to the 12 continuing education units as prescribed by A.R.S. § 6- 903(V). C. The licensee seeking conversion shall submit: 1. The renewal fees required by A.R.S. § 6-126 for commercial mortgage brokers, and 2. The information and documents required by A.R.S. § 6- 903.