Terms Used In Arizona Laws > Title 16 > Chapter 7 - Penal Provisions

• Creditor: means a person for whose benefit monies are being collected and disbursed by a licensee. See Arizona Laws 6-701
• 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
• 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
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Statute: A law passed by a legislature.