Updated: 4/30/09
MBNEW
Page 1 of 24
ARIZONA MORTGAGE BROKER LICENSE
New Application Checklist
Jurisdiction-Specific Requirements
INSTRUCTIONS
1. YOU MUST PROVIDE YOUR NMLS UNIQUE ID # AND ENTITY LICENSE NAME OR YOUR
APPLICATION COULD BE DELAYED.
2. Your Home/Main/Corporate Office will be used on the MU1 form. If your Home/Main/Corporate office
is not located in Arizona, then you must also submit an MU3 form for your Arizona Principal Location.
Arizona requires the licensee to designate and maintain a principal place of business in this state to
transact business. (A.R.S. 6-904(H).
3. Each branch location, wherever located, desiring to conduct business under this license authority
must be separately authorized and will require a filing of Form MU3 through NMLS. See Mortgage
Broker New Branch License Checklist.
4. All locations licensed with AzDFI where the licensee conducts business with consumers, shall
designate a manager for each branch office to oversee that office. A person may be designated as
the manager for more than one branch.
5. The Responsible Individual (Qualifying Individual on the MU1 form) must be disclosed in the
‘Qualified Individual’ section of Form MU1. The ‘Resident/Registered Agent’ section of Form MU1
could also be the same as the Responsible (Qualified) Individual.
6. Mortgage Brokers who have more than one trade name, fictitious name or dba must list them all on
the MU1 form. In Arizona you must have a separate mortgage broker’s license for each trade name,
fictitious name, or dba.
7. Financial Statements should be submitted through the Filing Tab in NMLS prior to the
submission of your Form MU1 filing. For additional help, see the Financial Statement Information
page and quick guide posted on the NMLS website here;
http://www.stateregulatoryregistry.org/AM/Template.cfm?Section=Financial_Statements
Review the information requested under the “Biographical and Company Financial Statements”.
These documents would encompass what is req