R20-4-602. Applications

A. An applicant for a debt management company license shall send the Department an application on the form required by the Director. If the Director determines that a credit report is required as authorized under A.R.S. § 6-704(A), the applicant shall order a credit report from a credit reporting agency disclosing the credit history of the applicant’s principals or managing agents and submit the credit report to the Department. A complete application shall include the credit report required by this Section and all of the following: 1. The surety bond required by A.R.S. § 6-704(B); 2. Fidelity bonds if required by the Director under A.R.S. § 6-704(D); 3. The nonrefundable application fee specified in A.R.S. § 6-126(A)(14); 4. An original license fee described in A.R.S. §§ 6-126(B), 6-126(D)(2), and 6-706; 5. A sample of the contract intended to be used by the applicant required by A.R.S. § 6-704(E); 6. Current financial statements as described in R20-4- 604(A)(5); 7. A copy of the current articles of incorporation, by-laws, partnership agreement or other organizing documents used to form the applicant business entity; 8. The name and address information required under A.R.S. § 6-704(A); and 9. A background check, on the form required by the Department, for each of the applicant’s principals, principal officers, trustees, partners, and managing agents. B. A debt management company applying to operate a branch office or use an agency shall send the Department an application on the form required by the Director. C. A debt management company applying to renew a license shall deliver, on or before December 31 of each year, an application to the Department on the form required by the Director. A debt management company shall apply separately to renew each authorized business location. With each application for renewal, a debt management company shall include the renewal fee described in A.R.S. § 6-706 and specified in A.R.S. § 6-126(D)(2). D. The Department may require additional information the Director considers necessary in connection with an application under this Section.