Collection Agencies: LAWDOG State Laws Credits & Collection

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Collection Agency Licensing Requirements:

A person desiring to conduct a collection agency must comply with Arizona's licensing requirements prescribed under Title 32, Article 9, Sec. 32-1001, et seq., of the Arizona Revised Statutes. The requirements include the submission of an application and financial statement, an application fee of $1,500, posting of a bond in an amount based on the gross annual income of the licensee for the preceding year with a minimum amount of $10,000, and a maximum bond amount of $35,000.and compliance with all regulations set forth in the statutory provisions. Application and licensing information may be obtained from the Department of Banking
2910 North 44th Street, Suite 310,
Phoenix, Arizona 85018,
http://www.azbanking.com.

These requirement are covered by Arizona Revised Statutes 32-1001 to 32-1057 available here. See ARS 6-123, which prescribes the Collection Agency Application Fee of $1,500.00, and is available here.

Review Arizona Revised Statutes here. Always discuss actual cases with your actual legal advisor or legal department. The Arizona Bar Association is linked here.

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