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Arizona Revised Statutes - Title 6 Banks and Financial Institutions - Chapter 12.1 Deferred Presentment Companies

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  • 6-1251 - Definitions
    In this chapter, unless the context otherwise requires: 1. "Branch office" means any office operated by a licensee to provide deferred presentment services. 2. "Check"...
  • 6-1252 - Exemptions
    This chapter does not apply to: 1. Banks, savings and loan associations, collection agencies or financing or lending institutions authorized and licensed to transact business...
  • 6-1253 - Application for license; financial statement
    A. A person shall make an application for a license in writing, under oath and in the form prescribed by the superintendent. The superintendent may...
  • 6-1254 - Qualifications of applicants
    A. An applicant for a license: 1. Shall be a citizen of the United States. 2. Shall be a person of honesty, truthfulness and good...
  • 6-1255 - Issuance of licenses
    A. On receipt of an original application that is accompanied by the fees prescribed in section 6-126 and the financial statement prescribed in this chapter,...
  • 6-1256 - Annual renewal of license
    A. On or before June 30 of each year, an applicant for licensure renewal shall: 1. File with the superintendent a financial statement prepared according...
  • 6-1257 - Duties of licensees
    A licensee: 1. Shall meet the financial responsibility requirements of this chapter. 2. Shall deal openly, fairly and honestly in the conduct of the deferred...
  • 6-1258 - Denial, revocation or suspension of license
    A. The superintendent may deny a license to a person or suspend or revoke a license if the superintendent finds that an applicant or licensee:...
  • 6-1259 - Prohibited acts
    A. A person shall not engage in the business of providing deferred presentment services without first obtaining a license pursuant to this chapter. A separate...
  • 6-1260 - Deferred presentment; amount; fees; loans to members of military service
    A. The licensee may accept for deferred presentment or deposit a check with a face amount of at least fifty dollars but not more than...
  • 6-1261 - Books, accounts and records; examinations; costs
    A. A licensee shall maintain in its branch and home offices all books, accounts and records that the superintendent reasonably requires. The licensee shall: 1....
  • 6-1262 - Violation; classification; individual liability
    A. A person that provides deferred presentment services without a license is guilty of a class 1 misdemeanor. B. A licensee that violates this chapter...
  • 6-1263 - Program termination
    The deferred presentment licensing program established by this chapter ends on July 1, 2010 pursuant to section 41-3102.
  • Last modified: February 19, 2012