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About AMLA
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| Code of Ethics
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. |
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W H E R E A S, 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 with the
public and other members.
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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 wlth 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 our Vice President.
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