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 State Licensing Requirements

 
Company Licenses Description Requirements Checklist
Advance Fee Loan Broker License This Registration is required of any person who for an advance fee or in the expectation of an advance fee, either directly or indirectly, makes procures, offers, or attempts to make or procure a loan of money or extension of credit. Please review A.R.S. § 6-1301
Collection Agency License Those entities or individuals whom act as a collection agency are required to have this license. "Collection agency" means: (a) All persons engaged directly or indirectly in soliciting claims for collection or in collection of claims owed, due or asserted to be owed or due. (b) Any person who, in the process of collecting debts occurring in the operation of his own business, uses any name other than his own which would indicate that a third person is collecting or attempting to collect such debts. Arizona Revised Statutes Title 32, Chapter 9 – Collection Agencies
Commercial Mortgage Banker License This License is required of any person who for compensation or gain, or in the expectation of compensation or gain, directly or indirectly makes, issues commitments, negotiates, places, assists in placement, finds or offers to negotiate, place, assist in placement or find mortgage loans on Arizona commercial property for others. (More Details)
Commercial Mortgage Broker License This License is required of any person who for compensation or gain, or in the expectation of compensation or gain, directly or indirectly negotiates, places, assists in placement, finds or offers to negotiate, place, assist in placement or find mortgage loans on Arizona commercial property for others. There must be a principal place of business (office) in the State of Arizona. (More Details)
Consumer Lender License See Arizona Revised Statutes Title 32, Chapter 9 – Consumer Lender for more information about who is required to have this license. (More Details)
Debt Management License This License is required of any person that for compensation, engages in whole or in part in the business of receiving money as an agent of a debtor for the purpose of distributing the same to creditors in payment of obligations. Who is exempt from this License? Please review A.R.S. § 6-702 (More Details)
Escrow Agent License "Escrow" means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing. Please review A.R.S. § 6-801
Money Transmitter License See Arizona Revised Statutes Title 32, Chapter 9 – Money Transmitter for more information about who is required to have this license. (More Details)
Mortgage Banker License This License is required of any person who for compensation or gain, or in the expectation of compensation or gain, directly or indirectly makes, issues commitments, negotiates, places, assists in placement, finds or offers to negotiate, place, assist in placement or find mortgage loans on Arizona property for others. There must be a principal place of business (office) in the State of Arizona. (More Details)
Mortgage Broker License This License is required of any person who for compensation or gain, or in the expectation of compensation or gain, directly or indirectly negotiates, places, assists in placement, finds or offers to negotiate, place, assist in placement or find mortgage loans on Arizona property for others. There must be a principal place of business (office) in the State of Arizona. (More Details)
Premium Finance License This License is required of any person who engages in the business of financing insurance premiums, enters into premiums, enters into premium finance agreements, or otherwise acquires premium finance agreements. Who is exempt from this License? Please review A.R.S. § 6-1401
Registered Exempt Person This registration is for any person who is exempt from licensure under A.R.S. Title 6, Chapter 9, Article 1 as a Federally chartered Savings Bank and that is registered with NMLS who wishes to sponsor one or more Loan Originators licensed by AzDFI. The licensed Loan Originators to be sponsored by the exempt person shall be employed by or under exclusive contract with the exempt person. (More Details)
Sales Finance License This License is required of any person who is engaged, in whole or in part, in the business of purchasing retail installment contracts from one or more retail sellers. This License is also required of any person whom is engaged, in whole or in part, in the business of creating or holding motor vehicle retail installment contracts, exceeding a total aggregate outstanding indebtedness of $50,000. This License also includes any company commonly known as a title lender that allows consumers to borrow money based on the equity in their automobiles. Please review Sales Finance Companies A.R.S. § Title 44, Chapter 2.1
Branch Licenses Description Requirements Checklist
Collection Agency Branch License Any location in Arizona that conducts business as a collection agency are required to have this license. "Collection agency" means: (a) All persons engaged directly or indirectly in soliciting claims for collection or in collection of claims owed, due or asserted to be owed or due. (b) Any person who, in the process of collecting debts occurring in the operation of his own business, uses any name other than his own which would indicate that a third person is collecting or attempting to collect such debts. Arizona Revised Statutes Title 32, Chapter 9 – Collection Agencies
Commercial Mortgage Banker Branch License This License is required for all locations, other than the main office identified on the Commercial Mortgage Banker License, whether located in Arizona or not, which hold out to the public that they transact commercial mortgage business from that location. (More Details)
Commercial Mortgage Broker Branch License This License is required for all locations, other than the main (Corporate) office identified on the Commercial Mortgage Broker License, whether located in Arizona or not, which holds out to the public that they transact commercial mortgage broker business from that location. (More Details)
Consumer Lender Branch License This License is required of any person that for compensation, engages in whole or in part in the business of receiving money as an agent of a debtor for the purpose of distributing the same to creditors in payment of obligations. Who is exempt from this License? Please review A.R.S. § 6-702 (More Details)
Debt Management Branch License This License is required of any person that for compensation, engages in whole or in part in the business of receiving money as an agent of a debtor for the purpose of distributing the same to creditors in payment of obligations. Who is exempt from this License? Please review A.R.S. § 6-702 (More Details)
Escrow Agent Branch License "Escrow" means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or non-happening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. Escrow includes subdivision trusts and account servicing. Please review A.R.S. § 6-801
Money Transmitter Branch License This License is required for any company who sells or issues payment instruments, receives money for transmission, exchanges payment instruments, or receives money for obligors for the purpose of paying bills, invoices, or accounts. See Arizona Revised Statutes Title 32, Chapter 9 – Money Transmitter Branch (More Details)
Mortgage Banker Branch License This License is required for all locations, other than the main (Corporate) office identified on the Mortgage Banker License, whether located in Arizona or not, which holds out to the public that they transact mortgage banking business from that location. (More Details)
Mortgage Broker Branch License This License is required for all locations, other than the main (Corporate) office identified on the Mortgage Broker License, whether located in Arizona or not, which holds out to the public that they transact mortgage broker business from that location. (More Details)
Premium Finance Branch License This License is required of any person who engages in the business of financing insurance premiums, enters into premiums, enters into premium finance agreements, or otherwise acquires premium finance agreements. Who is exempt from this License? Please review A.R.S. § 6-1401
Sales Finance Branch License This License is required of any person who is engaged, in whole or in part, in the business of purchasing retail installment contracts from one or more retail sellers. This License is also required of any person whom is engaged, in whole or in part, in the business of creating or holding motor vehicle retail installment contracts, exceeding a total aggregate outstanding indebtedness of $50,000. This License also includes any company commonly known as a title lender that allows consumers to borrow money based on the equity in their automobiles. Please review Sales Finance Companies A.R.S. § Title 44, Chapter 2.1
Individual Licenses Description Requirements Checklist
Mortgage Loan Originator License This license is required of a natural person who for compensation or gain or in the expectation of compensation or gain does any of the following: (a)Takes a residential mortgage loan application. (b)Offers or negotiates terms of a residential mortgage loan. (c)On behalf of a borrower, negotiates with a lender or note holder to obtain temporary or permanent modification in an existing residential mortgage loan agreement.
 

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