REFERENCE TITLE: technical correction; collection agencies; qualifications
State of Arizona
House of Representatives
First Regular Session
amending section 32-1023, Arizona Revised Statutes; relating to collection agencies.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Section 32-1023, Arizona Revised Statutes, is amended to read:
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
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 is not 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.