Ariz. Admin. Code § 4-46-404

Current through Register Vol. 31, No. 1, January 3, 2025

Section R4-46-404 - Application for Renewal Registration

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.

Ariz. Admin. Code § R4-46-404

Adopted by Final rulemaking at 21 A.A.R. 1675, effective 10/6/2015. Amended by final rulemaking at 25 A.A.R. 1139, effective 6/10/2019. Amended by final rulemaking at 28 A.A.R. 893, effective 6/11/2022.