§ 32-1023 Qualifications of applicants

AZ Rev Stat § 32-1023 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

32-1023. Qualifications of applicants

A. An applicant for a license issued under this chapter shall:

1. Be a citizen of the United States and be of good moral character.

2. Not have been convicted of a crime involving moral turpitude.

3. Not have defaulted on payment of money collected or received for another.

4. Not have been a former licensee under the provisions of this chapter whose license was suspended or revoked and not subsequently reinstated.

B. If the applicant for a license is a firm, partnership, association or corporation, the qualifications required by subsection A of this section shall be required of the individual in active management of the firm, partnership, association or corporation.

C. When a licensed agency ceases to be under the active management of a qualified person, as defined in rules, notice of this fact shall be given to the superintendent within ten days. The licensee shall have ninety days after the termination of the services of the acting manager to replace the qualified person and notify the superintendent of the qualified replacement. If the agency is not placed under the active management of a new qualified person and notice thereof given to the superintendent within the ninety-day period, the license of the agency expires unless a provisional license has been granted under the provisions of section 32-1027.

Previous Section

§ 32-1022 Contents of financial statement; bond provisions

Next Section

§ 32-1024 Licensing out-of-state collection agents