I have acted as a Responsible Individual for the past 10 years for mortgage companies which desire to be licensed in Arizona. My credentials and experience have been approved by the Arizona Department of Financial Institutions to act as a Responsible Individual and the Department has also issued a mortgage broker license to me.  I am also licensed in Arizona as an attorney and real estate broker.

                        The law requires that the Responsible Individual be in "active management" of the licensee, be knowledgeable about the licensee's operations and be given sufficient authority to "supervise compliance" with Arizona statutes and regulations.  It is essential that your Responsible Individual possess the education and expertise to read and interpret statutes and regulations as well as the ability to evaluate if you are complying with them.  It is also essential that your Responsible Individual has the capability to understand the business and financial aspects of your operations and the sophistication and experience to communicate and work effectively with the Arizona Department of Financial Institutions particularly during the examination process.

                        The Responsible Individual must be present and participate in examinations and be able to answer questions about your business.  When the Department wants to communicate with you, often it contacts only the Responsible Individual.   Therefore, the Responsible Individual is your liaison and representative with the Department.  Notices of examination, notices concerning renewal applications and other important matters are sent to the Responsible Individual.

                        I have been licensed as an attorney for 20 years and have acted as a Responsible Individual for the past 10 years during which time I have handled many examinations by the Department on behalf of licensees.  From this experience, I have gleaned information concerning the Department's interpretations of various laws and positions on various issues which can greatly assist licensees in complying with the law.  I will provide you with written materials concerning the Arizona statutes and regulations and the Department's positions regarding them.  I will also be readily available to discuss compliance issues with you by email or telephone and to answer any questions you may have.  It is my goal to maintain a stream of constant communication with you so that you will remain in compliance with applicable Arizona laws and rules.

                2. "Brick and Mortar" Requirement

                Arizona is a "brick and mortar" state; that is, there is a statutory requirement for a licensee to maintain a "principal place of business" in Arizona. I can also assist your company with this requirement. My office is located in Fountain Hills, a suburb of Phoenix just east of Scottsdale.