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AAMB Members shall act in accordance with any laws, rules,
regulations of the State of Arizona and in accordance with
the Bylaws of the Arizona Association of Mortgage Brokers.
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| AAMB Members shall perform his business in a manner reflecting
honor and integrity. He shall avoid and report fraudulent and
unethical practices to the Arizona Association of Mortgage Brokers
or the Arizona State Banking Department. |
| AAMB Members shall abide by generally accepted principles of
real estate valuation when reporting to the investor regarding
the valuation of the offered collateral for his loan. |
| AAMB Members shall advise the relevant parties of any equity
interest he may have in the collateral offered as security for
the mortgage loan. |
| AAMB Members shall not advise, advertise, or intimate terms
and conditions not available and not likely to be made available. |
| AAMB Members shall attempt to put all agreements into written form, but shall
abide by all agreements made by him whether written or oral. |
| AAMB Members shall maintain special accounts separate from
his personal accounts for the deposit of trust or escrow funds. |
| AAMB Members shall not speak disparagingly of the business
practices of his competitor or of a transaction being negotiated
by a Disputes between members shall be resolved by decision of
the Ethics, Grievance, and Arbitration Committee.competitor. |
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Rev 10/06 |