This License is required of any person who directly or indirectly solicits claims for collection or collects claims owed, due or asserted to be owed or due to a third party.
Who is exempt from this License? Please review A.R.S. § 32-1004
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 Option #2 or e-mail at [email protected] .
Application Fees and Forms for Collections Agencies
Arizona Revised Statues §6-126 et seq.
The following nonrefundable fees are payable to the department with the filing of the following applications:
| Description |
Fees |
Forms |
| New Application |
|
|
|
License Renewal License Year: 01/01 - 12/31
|
$600.00 Fee is non-refundable. |
|
| Name Change |
$250.00 |
|
Fictitious Name Report (AAC R20-4-1520 C) Due on July 1 and December 31 of each year. |
Arizona Revised Statutes
Article 1 Administration
32-1001 Definitions
32-1004 Exemptions
Article 2 Licensing
32-1021 Original application for license; financial statement; bond; definition
32-1022 Contents of financial statement; bond provisions
32-1023 Qualifications of applicants
32-1024 Licensing out‑of‑state collection agents
32-1025 Annual renewal of license; suspension; expiration
32-1026 Issuance of licenses
32-1027 Issuance of provisional license for limited purposes
32-1028 Fees
Article 3 Regulation
32-1051 Duties of licensees
32-1053 Denial, revocation or suspension of license
32-1055 Unlawful acts
32-1056 Violation; classification
32-1057 Prosecution of violations; individual liability
Chapter 4 Collection Agencies
ARTICLE 15 . Collection Agencies
Arizona Administrative Code Title 20
Substantive Policy Statements
ARTICLE 1. General Administration
APPLICATIONS GE-1
CREDIT REPORTS/ARREST RECORDS GE-3
Collection Agency
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].
This License is required of any person who directly or indirectly solicits claims for collection or collects claims owed, due or asserted to be owed or due to a third party.
Who is exempt from this License? Please review A.R.S. § 32-1004
All Collection Agency Licensees that have transitioned to NMLS are encouraged to submit their renewal through NMLS. Please click HERE for Company Renewal instructions.
Company Licenses DescriptionRequirements Checklist
Collection Agency LicenseThis license will be available in NMLS starting January 2, 2017. Those entities or individuals whom act as a collection agency are required to have this license. "Collection agency" means: (a) All persons engaged directly or indirectly in soliciting claims for collection or in collection of claims owed, due or asserted to be owed or due. (b) Any person who, in the process of collecting debts occurring in the operation of his own business, uses any name other than his own which would indicate that a third person is collecting or attempting to collect such debts. Arizona Revised Statutes Title 32, Chapter 9 – Collection Agencies
ARS § 41-1030(G) requires most Arizona government agencies to prominently print the provisions of ARS § 41-1030(B), (D), (E) and (F) on all license applications. The following is the language in ARS § 41-1030(B), (D), (E) and (F):
B. An agency shall not base a licensing decision in whole or in part on a licensing requirement or condition that is not specifically authorized by statute, rule or state tribal gaming compact. A general grant of authority in statute does not constitute a basis for imposing a licensing requirement or condition unless a rule is made pursuant to that general grant of authority that specifically authorizes the requirement or condition.
D. This section may be enforced in a private civil action and relief may be awarded against the state. The court may award reasonable attorney fees, damages and all fees associated with the license application to a party that prevails in an action against the state for a violation of this section.
E. A state employee may not intentionally or knowingly violate this section. A violation of this section is cause for disciplinary action or dismissal pursuant to the agency’s adopted personnel policy.
F. This section does not abrogate the immunity provided by section 12-820.01 or 12-820.02.