Ariz. Admin. Code § 20-4-708

Current through Register Vol. 30, No. 25, June 21, 2024

Section R20-4-708 - Financial Condition and Resources

The Director shall consider the following criteria in evaluating an escrow agent's, other escrow agent's, or applicant's financial condition and resources under A.R.S. § 6-817:

1. Amount of positive net worth,

2. Amount of tangible net worth,

3. Amount of liquid assets,

4. Amount of cash provided by operations,

5. Ratio of debt to net worth,

6. Owner's personal financial resources,

7. Outside resources available,

8. Profitability,

9. Projected operating results,

10. Status as agent for a title insurance company, and

11. Sources of new business.

Ariz. Admin. Code § R20-4-708

New Section made by final rulemaking at 7 A.A.R. 5385, effective November 9, 2001 (Supp. 01-4). Amended by final rulemaking at 29 A.A.R. 1949, effective 10/2/2023.