No person shall engage in the business for compensation of receiving money as agent of a debtor for the purpose of distributing that money to the debtor's creditors in payment or partial payment of the debtor's obligations without first obtaining a license from the deputy director.
A.R.S. § 6-703
License required
Applied in 1 court decision — leading case Jhass Group L.L.C. v. Arizona Department of Financial Institutions (2015)
Most recently applied in Jhass Group L.L.C. v. Arizona Department of Financial Institutions (October 2015)
Official source: Arizona State Legislature. Reproduced from public-domain Arizona statutes; confirm against the official source for the current text. Not legal advice.