On April 22, the Arizona governor signed SB 1204, which amends state provisions regarding mortgage broker and banker licensing. Among other things, the bill: (i) provides that “a parent company may apply for and be granted a certificate of exemption on behalf of an entity that allows a responsible individual to reside out of state,” as long as certain criteria is met; (ii) establishes qualifications, application, bond, fees, and renewal requirements for licensing of mortgage brokers; and (iii) states that “[a] person shall APPLY for a license or for a renewal of a license in writing on the forms, in the manner and accompanied by the information prescribed by the deputy director.”