How many days does a licensee have to notify the Registrar when their qualifying party resigns?

Study for the Arizona Statutes and Rules Exam. Prepare with comprehensive questions and detailed explanations. Ace your exam with confidence!

A licensee is required to notify the Registrar promptly when a qualifying party resigns to ensure the continuing compliance with licensing requirements. In Arizona, the correct timeframe for this notification is 15 days following the resignation. This time limit is set to ensure that regulatory bodies are informed of any significant changes within a licensed entity and can take appropriate action if necessary, such as updating records or initiating processes for finding a replacement. Timely reporting helps maintain the integrity of the licensing system and ensures that the organization continues to operate within the legal framework established by Arizona statutes.

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