employee blacklisting;
mortgage bankers; brokers
HB 2120 allows commercial mortgage bankers, mortgage bankers and mortgage brokers to request and provide employee references from one another.
A.R.S. 23-1361 was amended by Law 2000, Chapter 60. The law adds escrow agents to the parties allowed to provide a written employment reference, upon request, by banks, savings and loan associations and credit unions. These parties, upon request, may provide written employment references to other banks, savings and loan associations, credit unions and escrow agents. An employment reference discloses an employee or potential employee’s history of theft, embezzlement or misappropriation that has been reported to federal authorities or the Arizona State Banking Department. A copy of the written employment reference must be sent to the last address of the applicant in question. The specified parties are not civilly liable for requesting or providing employee references, as long as the employee reference is not intentionally false or misleading or provided with malice.