Reglith

Mortgage licensing / Arizona

Arizona Escrow Agent License

company licence · NMLS AZESCROW_C · DIFI

"Escrow" means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing.

Requirements (20)

  1. Step 1

    AZ Application Fee: $1,000 AZ License/Registration Fee: If you apply in Your prorated license fee will be Jan/Feb/Mar $1000.00 Apr/May/June $750.00 July/Aug/Sept $500.00 Oct $250.00 Nov/Dec $1250.00 (Includes Renewal Fee for the Next Year) NMLS Initial Processing Fee: $120

    Submitted via: NMLS

  2. Step 2

    FBI Criminal Background Check for MU2 Individual: $36.25 per person.

    Submitted via: NMLS

  3. Step 3

    Submission of Company Form (MU1): Complete and submit the Company Form MU1 in NMLS. This form serves as the application for the license/registration through NMLS.

    Submitted via: NMLS

  4. Step 4

    Other Trade Name(s) • List your DBA or Trade Name(s) used in Arizona in the "Other Trade Names" section of the form MU1. • You may only transact business in the legal name of the entity and any name(s) approved and listed for Arizona under the Other Trade Names section on the NMLS. • A licensee may not use an assumed name or trade name that either: (1) Is so substantially similar to the assumed name or trade name of another department licensee that it may cause uncertainty or confusion among the public. (2) Tends to deceive or mislead the public as to the nature of business that the licensee conducts. • A person using an approved assumed or trade name shall notify the AZ-DIFI within fifteen days after any material change to the name. • Is is recommended that each DBA or Trade Name is registered with the Arizona Secretary of State.

    Submitted via: NMLS

  5. Step 5

    Resident/Registered Agent: The Resident/Registered Agent must be listed under the Resident/Registered Agent section of the form MU1.

    Submitted via: NMLS

  6. Step 6

    Primary Contact Employees: The following individuals must be entered into the Contact Employees section of the form MU1. • Primary Company Contact - This is the person whom will be notified of any important information that affects your license. This includes renewal notifications and license approval notices. • Primary Consumer Complaint Contact - This is the person to whom AZ-DIFI will send complaints to that have been filed with our agency.

    Submitted via: NMLS

  7. Step 7

    Non-Primary Contact Employees: AZ-DIFI does not require any non-primary contact to be listed in the Contact Employees section of the form MU1.

  8. Step 8

    Bank Account: Bank account information is not required. This section of the form MU1 may be left blank.

  9. Step 9

    Disclosure Questions: Provide a complete and detailed explanation and document upload for each "Yes" response to Disclosure Questions made by the company or related control persons (MU2). See the Company Disclosure Explanations Quick Guide for instructions.

    Submitted via: NMLS

  10. Step 10

    Qualifying Individual: The Qualifying Individual section is not required to be completed for AZ-DIFI and may be left blank of the form MU1.

  11. Step 11

    Control Person (MU2) Attestation: Complete the Individual Form (MU2) in NMLS. This form must be attested to by the applicable control person before it is able to be submitted along with the Company Form (MU1).

    Submitted via: NMLS

  12. Step 12

    MU2 Individual FBI Criminal Background Check Requirements: Pursuant to ARS § 6-123.01, AZ-DIFI has the authority to require fingerprints and background checks for all of the following; applicants, licenses, active managers or responsible individuals, or any organizer, director or officer of any corporate applicant or licensee, or any individual in control of a licensee or applicant, or any individual who seeks to acquire control of a licensee or each key individual. The following individuals, specified on the Form MU1 are required to authorize an FBI criminal background check (CBC) through the NMLS: Direct Owners/Officers - CBC is not required for individuals who have had a CBC completed and reviewed by the AZ-DIFI within the previous 12 months. • All individuals who hold 20% or more of the voting shares • Top 3 individuals that are responsible for and provide oversight for the entity's business acitities.After review of the application the Department may require additional CBC's to be completed as stated below: Indirect Owners and/or Additional Officers - CBC is not required for individuals who have had a CBC completed and reviewed by the AZ-DIFI within the previous 12 months. After authorizing an FBI criminal background check through the submission of the Form MU1 and Form MU2, you must schedule an appointment to be fingerprinted if new prints are required. See the Quick Guides - Company section of the NMLS Resource Center for more information. Note: If you are able to 'Use Existing Prints' to process the FBI criminal background check, you DO NOT have to schedule an appointment. NMLS will automatically submit the fingerprints on file.

    Submitted via: NMLS

  13. Step 13

    Business Plan: Upload a copy of the entity's business plan to the Document Uploads section of the form MU1, under "Business Plan".

    Submitted via: NMLS

  14. Step 14

    Current Legal Status of Entity: Upload a letter of good standing (dated within the last 6 months) or a screenshot of the current entity status from the agency your legal entity has been formed in from your domicile state. (Ex. Arizona Corporation Commission). Upload this in the Document Uploads section of the form MU1 under "Certificate of Good Standing".

    Submitted via: NMLS

  15. Step 15

    Management Chart: Upload a current copy of the entity management chart to the Document Uploads section of the form MU1 under "Management Chart".

    Submitted via: NMLS

  16. Step 16

    Organizational Chart: Upload a copy of the entity's Organization Chart to the Documents Uploads section of the form MU1 under "Organizational Chart". • The Organizational chart must include a chart showing (or a description which includes) the percentage of ownership of Direct Owners and Indirect Owners as well as Subsidiaries and Affiliates of the applicant. • If the existing uploaded Organizational Chart/Description already includes the above information, an additional document does not need to be uploaded.

    Submitted via: NMLS

  17. Step 17

    Real Property Escrow Agent: Upload a written statement confirming if the company is a "Real Property Escrow Agent" and will be required to be licensed as a Title Insurance Agent under Title 20. If so, a completed Escrow Rate Filing Form is required and needs to be completed. If not, a signed statement is required to be uploaded into the NMLS confirming the company will not need a Title Insurance License. Upload the requested documentation under Additional Documents in the Document Uploads section of the Company Form MU1.

    Submitted via: NMLS

  18. Step 18

    Surety Bond: Submit company bond in the amount of $100,000 furnished by a surety company authorized to conduct business in Arizona. The name of the principal insured on the bond must match exactly the full legal name of the applicant. Click here for the form.

    Submitted via: NMLS

  19. Step 19

    Unaudited Fianncial Statements: Net Worth Requirement: Must be solvent as defined under ARS § 47-1201(B)(23). Upload the most current Unaudited Financial Statements of the applicant. The financial statements should include a Balance Sheet and a Profit and Loss Statement prepared within the immediately preceding six months. Note: Financial statements are uploaded separately under the Filing tab and Financial Statement sub-menu link. See the Financial Statements Quick Guide for instructions.

    Submitted via: NMLS

  20. Step 20

    Notice to Applicants: In accordance with ARS § 41-1030: • An agency shall not base a licensing decision in whole or in part on a licensing requirement or condition that is not specifically authorized by this statute, rule, or state tribal gaming compact. A general grant of authority in statute does not constitute a basis for imposing a licensing requirement or condition unless a rule is made pursuant to that general grant of authority that specifically authorizes the requirement or condition. • this statute may be enforced in a private civil action and relief may be awarded against the state. The court may award reasonable attorney fees, damages, and all fees associated with the license application to a party that prevails in an action against the state for a violation of this section. • A state employee may not intentionally or knowingly violate this statute. A violation of this statute is cause for disciplinary action or dismissal pursuant to the agency's adopted personnel policy. Note: This statute does not abrogate the immunity provided by ARS § 12-820.01 or ARS § 12-820.02.

    Submitted via: NMLS

General information

Note from AZ-DIFI: We ask that you provide the necessary information needed to make our decision within 10 days of the date we notify you of any deficiencies. This is to ensure the application can be processed and to avoid any undue delay. Untimely submissions, as detailed in the deficiency notice, will result in your application being withdrawn. If the application is withdrawn, application fees will be forfeited and the applicant will be required to submit a new application and application fee. Who Is Required to Have This License? This license is required of any person carrying on escrow transactions wherein escrow property is delivered to a person not otherwise having any right, title, or interest in connection with the sale, transfer, encumbrance, or lease of real or personal property to be delivered upon the contingent happening or non-happening of a specific even or prescribed act. Please review ARS § 6-801. Real Property Escrow Agents must file Escrow Rates: See ARS § 6-846 No foreign corporation without a valid grant of authority to do business under Title 10, Chapter 15, Article 1 Activities Authorized Under This License This license authorizes the following activities… • Account/Billing Servicing • Escrowing Agents • Consumer Loan Servicing • Third Party First Mortgage Servicing • Third Party Subordinate Lien Mortgage Servicing • Third Party Debt Collection • Master Servicing • Subordinate Lien Mortgage Servicing Pre-Requisites for License Applications • Registration with the Arizona Corporation Commission is required in order to obtain this license. The Arizona Department of Financial Institutions (AZ-DIFI) ONLY issues an electronic license for this license type. Document Uploads Guidance Documents that must be uploaded to the Document Uploads section of the Company Form (MU1) in NMLS are indicated in the checklist below. When uploading documents: • Follow the guidance in Document Upload Descriptions and Examples. • Only upload documents relevant to the company application. • Only upload documents where there is a selectable document category. If inappropriate documents are uploaded that should not be, you will be contacted by your regulator and asked to remove them from NMLS. • Do not upload the same company documents multiple times. Generally, unless the document is state-specific, if the document has already been uploaded for another state, a new upload is not required unless changes have been made. • If a document previously uploaded has been revised, delete the old document and replace it with the new document (history of the old document will remain in NMLS). • For state-specific documents (e.g., Surety Bonds), be sure to indicate the applicable state. Helpful Resources • Company Form (MU1) Filing Instructions • Document Upload Descriptions and Examples • Individual Form (MU2) Filing Quick Guide • Financial Statements Quick Guide • Payment Options Quick Guide • License Status Definitions Quick Guide

Other Arizona mortgage licenses

Sourced from the NMLS/CSBS state licensing record, last updated August 6, 2026. Requirements change — confirm against the state agency before filing. Not legal advice.

Stop missing the rule that costs you a loan.