Ariz. Admin. Code § 20-4-920
Current through Register Vol. 30, No. 25, June 21, 2024
Section R20-4-920 - Requirements for the Testing CommitteeA. No licensee shall submit more than five names as nominees to serve on the testing committee. The resumes of the nominees shall be included. The names and resumes shall be submitted to the Superintendent no later than August 1 of each even- numbered year. On or before September 30 of each even- numbered year, the Superintendent shall appoint four persons from the nominees submitted and one employee of the Department as members of the testing committee. A person may serve more than one two-year term. If the Superintendent does not find at least four persons from the list to be acceptable, the Superintendent shall solicit additional nominees from licensees.B. In the event of a vacancy on the testing committee, the remaining members of the committee shall submit a list of nominees within 45 days of the vacancy to the Superintendent containing not less than two nominees for each vacancy. The Superintendent shall then appoint a nominee from the list to fill each vacancy for the remainder of the term. If the Superintendent does not find at least one person from the list to be acceptable to fill each vacancy, the remaining members of the committee shall, upon request, submit an additional list of nominees to the Superintendent.C. The Superintendent may remove any member of the committee at any time without cause.D. The committee shall review and revise questions on the test not less than once every two years. All questions used on the test shall first be submitted to and approved by the Superintendent.E. The committee shall inform the applicant of the applicant's score on the test in writing within 30 days of administration of the test.F. The handbook for mortgage brokers shall be updated by the committee as necessary to reflect changes in the law.Ariz. Admin. Code § R20-4-920
Adopted effective August 14, 1991 (Supp. 91-3). R20-4-920 recodified from R4-4-920 (Supp. 95-1).