Advance Fee Loan Brokers
This Registration is required of any person who for an advance fee or in the expectation of an advance fee, either directly or indirectly, makes procures, offers, or attempts to make or procure a loan of money or extension of credit.
Who is exempt from this Registration? Please review A.R.S. §6-1302.
Inquiries concerning the preparation and filing of License and renewal applications with the Department should be directed to the Licensing Division at 602-771-2800 or e-mail at [email protected] . For more detailed contact information, see the “Contact Us” tab. .
Forms and Fees
Application Fees and Forms for Advance Fee Loan Brokers
Arizona Revised Statues §6-126 et seq & §6-1304
Laws, Rules & Substantive Policy Statements & Regulatory Alerts
Arizona Revised Statutes
Article General Provisions
6-1302 Scope of chapter; exemptions
6-1303 Application for registration
6-1305 Registration; renewal; reporting requirements
6-1306 Register of advance fee loan brokers
6-1308 Denial, revocation or suspension of registration
6-1309 Prohibited acts
6-1310 Noncompliance not to affect validity of loan
Arizona Administrative Code Title 20
Substantive Policy Statements
ARTICLE 1 - General Administration
CREDIT REPORTS/ARREST RECORDS GE-3
It is the policy of AZDFI to select the most effective and efficient methods of conducting examinations so that significant risks affecting safety and soundness, as well as substantive statutory compliance, can be identified and, if necessary, appropriate supervisory action taken. Judgment must be utilized to ensure that necessary procedures are performed and ineffective activities are avoided.
The examination fee in accordance with A.R.S. §6-125 is not more than sixty-five dollars per hour for each examiner. The assessment late penalty is fifty dollars for each day after the thirty day period the enterprise fails to remit the assessment not to exceed the examination assessment amount.
Pursuant to A.R.S. 6-122(3) examination frequency is at the Superintendent’s discretion
For questions concerning examination of your company or license, please contact the Financial Enterprise Division at 602-771-2800 or e-mail to [email protected].