Section R20-4-1502. Applications

A.      An applicant for a license shall complete and file an applica- tion, as required by the Department, by delivering the applica-

1.        The bond required by A.R.S. § 32-1021;

2.        The nonrefundable investigation fee and original license fee required by A.R.S. § 32-1028 and stated in A.R.S. § 6-126;

3.        A current financial statement in the form required by the Department;

4.        A certified copy of the current articles of incorporation, by-laws, partnership agreement, or other organizational documents under which the applicant proposes to conduct business; and

5.        A statement of personal history for each principal officer, partner, and manager of the applicant, in the form required by the Department.

B.       An out-of-state collection agency applying for a license under

A.R.S. § 32-1024 shall complete and file the application required by subsection (A), together with a signed statement declaring that:

1.        The requirements for securing the out-of-state license were, when issued, substantially the same or equivalent to the requirements imposed under A.R.S. Title 32, Chapter 9, Article 2. The statement shall also contain a complete description of those requirements.

2.        The state issuing the out-of-state license extends reci- procity to Arizona licensees under similar circumstances. The statement shall also contain a complete description of the conditions for reciprocity in the other state.

C.      A licensee applying for license renewal shall complete and file an application, as required by the Department, by delivering the renewal application to the Superintendent before January 1, together with the renewal fee required by A.R.S. § 32-1028 and stated in A.R.S. § 6-126. An application for renewal shall also include a current financial statement in the form required by the Department.

D.      An applicant for a provisional license under A.R.S. § 32-1027 shall complete and file an application as required by the Department, by delivering the application to the Superinten- dent within 30 days of the event justifying a provisional license. The applicant shall deliver the application together with each of the following:

1.        A bond that satisfies the requirements of A.R.S. § 32- 1022;

2.        A current financial statement as required by the Depart- ment;

3.        A detailed description of the facts justifying the issuance of a provisional license; and

4.        Evidence that the licensee notified the Superintendent as required by A.R.S. § 32-1023, in the event the licensee has terminated its active manager.

E.       An applicant for a provisional license shall, in each instance, be appropriate to the circumstances justifying the provisional license, as follows:

1.        A licensee’s personal representative, or the personal rep- resentative’s appointee, shall complete and file an appli- cation if the licensee, a natural person, has died;

2.        The surviving partners shall complete and file an applica- tion if the licensee, a partnership, has dissolved;

3.        A licensee shall complete and file an application if an active manager’s employment was terminated.

F.       An applicant for a provisional license shall clearly label the top of the first page with the heading “APPLICATION FOR PROVISIONAL LICENSE UNDER A.R.S. § 32-1027.”

G.      The Superintendent may require additional information the Superintendent considers necessary in connection with any application under this rule.

Historical Note

Adopted as an emergency effective September 6, 1978, pursuant to A.R.S. § 41-1003, valid for only 90 days (Supp. 78-5). Adopted effective December 6, 1978 (Supp. 78-6). R20-4-1502 recodified from R4-4-1502 (Supp. 95-1). Amended by final rulemaking at 6 A.A.R.

4742, effective November 13, 2000 (Supp. 00-4).