A. A person shall make an application for a license in writing, under oath and in the form prescribed by the superintendent.  The superintendent may require additional information on the experience, background, honesty, truthfulness, integrity and competency of the applicant.  If the applicant is a person other than a natural person, the superintendent may require information as to the honesty, truthfulness, integrity and competency of any executive officer, director, shareholder, member, partner, trustee, employee or any other interested party of the firm, partnership or association.

Terms Used In Arizona Laws 6-1253

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Credit report: A detailed report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's creditworthiness. Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • License: means a license issued pursuant to this chapter. See Arizona Laws 6-1251
  • Oath: includes an affirmation or declaration. See Arizona Laws 1-215
  • Partner: means a person who either:

    (a) Is authorized by law or a partnership agreement to participate in the management of the business of the partnership. See Arizona Laws 6-1251

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
  • Superintendent: means the superintendent of financial institutions. See Arizona Laws 6-101
  • Title: includes this title, title 32, chapters 9 and 36 and title 44, chapter 2. See Arizona Laws 6-101
  • Trustee: A person or institution holding and administering property in trust.
  • Writing: includes printing. See Arizona Laws 1-215

B. Each applicant shall include with an application for a license both of the following:

1. A statement of personal history in the form prescribed by the superintendent.  If the applicant is a person other than a natural person, the superintendent may require a statement of personal history of any executive officer, director, shareholder, member, partner, trustee, employee or any other interested party of the firm, partnership or association.  The statement of personal history prescribed in this section is confidential and is not a public record under title 39, chapter 1, article 2.

2. A financial statement in the form prescribed by the superintendent that accurately states the applicant’s assets, liabilities and net worth.

C. The superintendent may acquire as part of the application a credit report and any information the superintendent deems necessary in order to evaluate the applicant’s qualifications for licensure pursuant to this chapter.

D. This chapter applies to any person who seeks to avoid its application by any subterfuge or pretense.