Arizona Laws 6-708. Denial; revocation or suspension of license
A. If the deputy director finds that the applicant fails to meet any of the conditions set forth in this article, the deputy director shall deny the application for a license. If an application is denied or withdrawn, the deputy director shall retain the investigation fee to cover the costs of investigating the applicant and return the license fee to the applicant.
Terms Used In Arizona Laws 6-708
- Agency: means any business serving the public, which as part of its services accepts money for and on behalf of a licensee. See Arizona Laws 6-701
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Conviction: A judgement of guilt against a criminal defendant.
- Department: means the department of insurance and financial institutions. See Arizona Laws 6-101
- Deputy director: means the deputy director of the financial institutions division of the department. See Arizona Laws 6-101
- Fraud: Intentional deception resulting in injury to another.
- License: means a license issued under this chapter. See Arizona Laws 6-701
- Licensee: means a corporation, company, firm, partnership, association or society, as well as a natural person, licensed by the deputy director to engage in the business of a debt management company pursuant to 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
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215
B. The deputy director may revoke or suspend any license issued under this article for the following causes:
1. Conviction in any state of a felony or any crime involving breach of trust or dishonesty.
2. Violating any of the provisions of this article or rules of the department.
3. Fraud or deceit in procuring the issuance of the license.
4. Insolvency, filing in bankruptcy, receivership, or assigning for the benefit of creditors by any licensee or applicant for a license.
5. Failure to pay the annual license fee.
6. Entry of an order against the licensee by an administrative agency of this state, the federal government or any other state or territory of the United States that involves fraud, deceit or misrepresentation by the licensee and the facts relating to the order indicate that it would be contrary to the interests of the public to allow that person to be licensed or to control or manage a licensee.