Arizona Laws 32-1024. Licensing out-of-state collection agents
The deputy director shall issue a license to operate a collection agency to a person who holds and presents with the person’s application a valid and subsisting license to operate a collection agency issued by another state or an agency of another state if:
Terms Used In Arizona Laws 32-1024
- Collection agency: means :
(a) All persons engaged directly or indirectly in soliciting claims for collection or in collection of claims owed, due or asserted to be owed or due. See Arizona Laws 32-1001
- Deputy director: means the deputy director of the financial institutions division of the department of insurance and financial institutions. See Arizona Laws 32-1001
- Person: means an individual, firm, partnership, association or corporation. See Arizona Laws 32-1001
1. Requirements for securing the license were, at the time of issuance, substantially the same or equal to requirements imposed by this chapter.
2. The state concerned extends reciprocity under similar circumstances to licensed collection agents of this state.
3. The application is accompanied by the fees and financial and bonding requirements set forth in this chapter.