Code of Ethics

AMLA and its members are governed by and adhere to the following Code of Ethics. If you have any questions regarding the Code of Ethics, please contact us.




WHEREAS, the Members of the Arizona Mortgage Lenders Association are mindful that the soundness, usefulness, prosperity and future of mortgage lending depends upon the honor, integrity and fidelity of all personnel engaged in this business.

THEREFORE, BE IT RESOLVED, that each Member of this Association pledges to observe and maintain the following standards of conduct in dealing.

CANON 1 Members shall conduct their business in a professional manner, ensuring that their personnel are knowledgeable in the areas of mortgage lending in which they participate, and are acting in compliance with sound industry practices.

CANON 2 Members shall act in conformity with applicable laws and regulations and shall cooperate in every appropriate way with all governmental bodies in the interest of establishing and maintaining an efficient and fair framework for mortgage credit.

CANON 3 Members shall act in a manner that recognizes that integrity and confidence are essential in the mortgage banking business.

CANON 4 Members shall accord oral agreements the same sanctity given to written agreements.

CANON 5 Members shall not breach or avoid an agreement or commitment.

CANON 6 Members shall encourage healthy competition in the mortgage lending business.

CANON 7 Members shall conduct their business without regard to the race, color, sex, religion, marital status, national origin, disability or age of the persons with whom they deal.

CANON 8 Members shall preserve the integrity of all parts of a loan submission and appraisal report and make full disclosure of all pertinent facts, including any interest they may have in the loan project or property.

CANON 9 Members shall not quote a prospective borrower interest rates or other loan items that are not likely of realization. Members shall not advertise financing terms which do not represent the terms generally available through their efforts.

CANON 10 Members shall make all reasonable efforts to process loan applications and advise applicants of approval or disapproval promptly and to close and disburse in a timely manner.

CANON 11 Members shall use all efforts available in servicing investments entrusted to their care effectively to discharge their obligations to both investor and debtor.

CANON 12 Members shall cooperate with the Ethics Committee in furnishing information relative to any investigation of a possible violation of the Code of Ethics.

If you have a question or concern regarding one of our members, please contact us.