Ariz. Admin. Code § R20-4-602 - Applications

A. An applicant for a debt management company license shall send the Department an application on the form required by the Director. If the Director determines that a credit report is required as authorized under A.R.S. § 6-704(A), the applicant shall order a credit report from a credit reporting agency disclosing the credit history of the applicant's principals or managing agents and submit the credit report to the Department. A complete application shall include the credit report required by this Section and all of the following:

1. The surety bond required by A.R.S. § 6-704(B);

2. Fidelity bonds if required by the Director under A.R.S. § 6-704(D);

3. The nonrefundable application fee specified in A.R.S. § 6-126(A)(14);

4. An original license fee described in A.R.S. §§ 6-126(B), 6-126(D)(2), and 6-706;

5. A sample of the contract intended to be used by the applicant required by A.R.S. § 6-704(E):

6. Current financial statements as described in Section R20-4-604(A)(5);

7. A copy of the current articles of incorporation, by-laws, partnership agreement or other organizing documents used to form the applicant business entity;

8. The name and address information required under A.R.S. § 6-704(A); and

9. A background check, on the form required by the Department, for each of the applicant's principals, principal officers, trustees, partners, and managing agents.

B. A debt management company applying to operate a branch office or use an agency shall send the Department an application on the form required by the Director.

C. A debt management company applying to renew a license shall deliver, on or before June 15 of each year, an application to the Department on the form required by the Director. A debt management company shall apply separately to renew each authorized business location. With each application for renewal, a debt management company shall include the renewal fee described in A.R.S. § 6-706 and specified in A.R.S. § 6-126(D)(2).

D. The Department may require additional information the Director considers necessary in connection with an application under this Section.

Notes

Ariz. Admin. Code § R20-4-602

Adopted effective October 26, 1978 (Supp. 78-5). R20-4-602 recodified from R4-4-602 (Supp. 95-1). Amended by final rulemaking at 8 A.A.R. 2708, effective June 6, 2002 (Supp. 02-2). Amended by final rulemaking at 29 A.A.R. 1945, effective 10/2/2023.