Arizona Laws 6-703. License required
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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.
Terms Used In Arizona Laws 6-703
- Debtor: means a person from whom monies are being accepted for disbursement to creditors. See Arizona Laws 6-701
- Deputy director: means the deputy director of the financial institutions division of the department. See Arizona Laws 6-101
- License: means a license issued under this chapter. See Arizona Laws 6-701
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215