Arizona passed a bill decreasing license fees under the Mortgage Bankers Statute and the Mortgage Brokers Statute. Under the bill, the initial license fee for mortgage bankers is $1,000 (decreased from $1,500) and the initial license fee for mortgage brokers is $500 (decreased from $800). The bill becomes effective July 20, 2018.
See Arizona State Legislature website for the full text of the Statute:
https://apps.azleg.gov/BillStatus/GetDocumentPdf/462090
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