reglab/housing_qa huggingface dataset:
AZ Rev Stat § 6-702 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-702 - Exemptions

6-702.  Exemptions The provisions of this chapter shall not be applicable to: 1. Attorneys at law,  whose principal activities are other than debt management,  when debt management is only incidental to their regular activities. 2. Banks,  savings and loan associations or financing and lending institutions duly authorized and licensed to transact business under the laws of this state or of the United States. 3. Judicial officers or others acting under court orders. 4. Nonprofit religious,  fraternal or cooperative organizations that: (a) Are bonded as provided by section 6-704. (b) Offer debt management service exclusively for their members. (c) Do not collect any compensation directly or indirectly from debtors. (d) File an annual report as provided in section 6-709,  subsection M. 5. Nonprofit corporations or nonprofit debt counselor associations that: (a) Are bonded as provided by section 6-704. (b) Are organized to render financial planning service or debt management service to the public. (c) Do not collect any compensation directly or indirectly from debtors. (d) File an annual report as provided in section 6-709,  subsection M. 6. Any transaction in which money or other property is paid to a joint control agent for dispersal or use in the payment of the cost of labor,  materials,  services,  permits,  fees,  or other items of expense incurred in construction of improvements upon real property. 7. A person licensed pursuant to chapter 7 of this title. 8. A person licensed pursuant to chapter 9,  article 2 of this title. 9. A bill paying service provider that complies with all of the following: (a) Does not accept bills on invoices that are contractually past due at the time of receipt by the debtor. (b) Does not initiate any contact with individual creditors of the debtor to compromise a debt or arrange a new payment schedule. (c) Does not provide any debt counseling services. (d) Makes a written contract with the debtor and immediately furnishes the debtor with a copy of the complete contract. (e) Furnishes the debtor with a written statement of the debtor's account each month and a verbal accounting at any time the debtor requests it during normal business hours. (f) Does not take physical possession of any debtor monies except for fees and charges for services rendered as agreed to in writing. Nothing in this subdivision shall be construed to prevent a service provider from obtaining check signing authority on an account if the account remains solely in the debtor's name,  the debtor maintains control over the monies deposited in the account and the check signing authority is limited to the payment of obligations that are approved and authorized by the debtor.
AZ Rev Stat § 6-703 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-703 - License required

6-703.  License required No person shall engage in the business for compensation of receiving money as agent of a debtor for the purpose of distributing that money to the debtor's creditors in payment or partial payment of the debtor's obligations without first obtaining a license from the deputy director.
AZ Rev Stat § 6-705 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-705 - Branch offices and agencies

6-705.  Branch offices and agencies A licensee may establish branch offices or agencies only if it expressly assumes responsibility for the acts of any person accepting money in its name or on its behalf at such places of business. An application for a branch office or agency license shall be in writing,  under oath,  in a form prescribed by the deputy director,  and shall contain the name and address of the principal place of business of the licensee and a statement that it is a branch office.
AZ Rev Stat § 6-706 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-706 - Fees

6-706.  Fees A. An applicant at the time of filing an application for a license under the terms of this article shall pay to the deputy director the fee prescribed in section 6-126. The fee for an agency license is the same as that prescribed for a branch. B. Prior to June 15 of each year,  each licensee may obtain a renewal of each license without investigation by payment of the fee prescribed in section 6-126. The fee for renewal of an agency license is the same as that prescribed for a branch.
AZ Rev Stat § 6-707 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-707 - Issuance of license; display; cancellation on termination

6-707.  Issuance of license;  display;  cancellation on termination A. On the filing of the application and the payment of the fees and the approval of the bond,  or bonds,  the deputy director shall investigate the facts,  and if the deputy director finds that the financial responsibility,  experience,  character and general fitness of the applicant are such as to command the confidence of the community to warrant belief that the business will be operated fairly and honestly and within the purposes of this article,  the deputy director shall issue the applicant a license to do business as a debt management company. B. The license shall be kept conspicuously posted in the business office of the licensee. The license shall not be transferable or assignable. C. Licenses shall expire on June 30 following the date of the issuance unless sooner surrendered,  revoked or suspended,  but may be renewed by filing an application with the deputy director on or before June 15 each year. The application for renewal shall be in the form prescribed by the deputy director and shall be accompanied by the fee prescribed in section 6-126. A separate application shall be made for each initial license of a principal place of business,  agency or branch office.
AZ Rev Stat § 6-708 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-708 - Denial; revocation or suspension of license

6-708.  Denial;  revocation or suspension of license A. If the deputy director finds that the applicant fails to meet any of the conditions set forth in this article,  the deputy director shall deny the application for a license. If an application is denied or withdrawn,  the deputy director shall retain the investigation fee to cover the costs of investigating the applicant and return the license fee to the applicant. B. The deputy director may revoke or suspend any license issued under this article for the following causes: 1. Conviction in any state of a felony or any crime involving breach of trust or dishonesty. 2. Violating any of the provisions of this article or rules of the department. 3. Fraud or deceit in procuring the issuance of the license. 4. Insolvency,  filing in bankruptcy,  receivership,  or assigning for the benefit of creditors by any licensee or applicant for a license. 5. Failure to pay the annual license fee. 6. Entry of an order against the licensee by an administrative agency of this state,  the federal government or any other state or territory of the United States that involves fraud,  deceit or misrepresentation by the licensee and the facts relating to the order indicate that it would be contrary to the interests of the public to allow that person to be licensed or to control or manage a licensee.
AZ Rev Stat § 6-710 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-710 - Prohibitions

6-710.  Prohibitions It is unlawful for a licensee to: 1. Accept an account unless it appears on the basis of a reasonable budget analysis,  reduced to writing,  that the debtor can reasonably meet the payments agreed on by the licensee and the debtor and that the agreed on payment is sufficient to pay the service charges to the licensee and the full amount of the proposed payments to creditors as agreed on by the licensee and debtor. The licensee shall retain the written budget analysis for at least three years after the termination of the contract in the files of the licensee. The licensee shall make the analysis available for inspection by the deputy director,  except that such a budget analysis is not deemed unreasonable if facts that would prove it to be such were not furnished to the licensee by the debtor on request. 2. Unless agreed on by the debtor,  attempt to alter any scheduled payment listed on the original application from the debtor to any figure other than the amount agreed on by the debtor and creditors in those cases when a contractual installment exists. Acceptance of the proposed payment by the creditor shall not alter any rights the creditor has under the creditor's original contract with the debtor. 3. Purchase from a creditor any obligation of a debtor. 4. Operate as a collection agent and as a licensee as to the same debtor's account. 5. Execute any contract or agreement to be signed by the debtor unless the contract or agreement is fully and completely filled in. 6. Receive or charge any fee in the form of a promissory note or other promise to pay or receive or accept any mortgage or other security for any fee either as to real or personal property. 7. Pay any bonus or other consideration to any person for the referral of a debtor to the person's business,  nor accept or receive any bonus,  commission or other consideration for referring any debtor to any person for any reason. 8. Advertise the licensee's services,  display,  distribute,  broadcast or televise or allow to be displayed,  advertised,  distributed,  broadcasted or televised the licensee's services in any manner whatsoever in which any false,  misleading or deceptive statement or representation is made with regard to the services to be performed by the licensee or the charges to be made for those services.
AZ Rev Stat § 6-714 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-714 - Advertising

6-714.  Advertising The rules and regulations of the deputy director shall include standards and criteria for proper advertising and may include specific prohibitions as to improper advertising by a licensee.
AZ Rev Stat § 6-715 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-715 - Prohibitions

6-715.  Prohibitions No person may engage in the business of a debt management company without the license required by this article.
AZ Rev Stat § 6-716 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-716 - Fees collected

6-716.  Fees collected All fees collected under the provisions of this article shall be deposited,  pursuant to sections 35-146 and 35-147,  in the state general fund.
AZ Rev Stat § 6-801 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-801 - Definitions

6-801.  Definitions In this chapter,  unless the context otherwise requires: 1. " Account servicing"  means the holding of documents or written instruments and the receipt and disbursement of payments according to the instructions of the parties to the documents or written instruments. 2. " Affiliate"  means an entity that directly or indirectly,  through one or more intermediaries,  controls,  is controlled by or is under common control with the entity specified. 3. " Control"  means ownership or the power to vote,  either directly or indirectly,  more than twenty per cent of the outstanding voting shares of the controlled person. 4. " 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 nonhappening 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. 5. " Escrow agent"  means any person engaged in the business of accepting escrows. 6. " Escrow business"  means a commercial activity characterized by the regular and continuous carrying on of escrow transactions. 7. " Escrow property"  means property,  money,  a written instrument or evidence of title or possession to real or personal property or any other thing of value. 8. " License"  means a license issued pursuant to this chapter. 9. " Licensee"  means a person licensed pursuant to this chapter. 10. " Subdivision trust"  means an agreement in which title to real property or an interest therein is held for the limited purpose of holding,  subdividing,  developing or selling real property or an interest therein,  or to facilitate any business transaction with respect thereto and under which agreement the trustee acts pursuant to direction of its beneficiaries,  and without discretionary powers,  with respect to the holding,  subdivision,  development or sale of real estate or an interest therein or the disposition of the proceeds therefrom. Subdivision trusts are,  for the purpose of regulation under this chapter,  escrows,  except that this paragraph shall not be construed to limit the obligation or liability of trustees of subdivision trusts under common law or otherwise.
AZ Rev Stat § 6-802 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-802 - Acknowledgment of report of examination; penalty

6-802.  Acknowledgment of report of examination;  penalty A. The deputy director shall examine or cause to be examined each escrow agent as prescribed by section 6-122. The deputy director shall forward a report of the examination to the board of directors of the escrow agent within thirty days after the report is completed. Within thirty days after the report is received,  the directors shall meet to consider its contents. Within ten days after the directors' meeting,  the chairman of the board of directors shall notify the deputy director of its meeting,  shall acknowledge that each director has reviewed the report and shall describe the board's responses to the recommendations of the examiners,  including any remedies for violations of this title. In each case,  the deputy director may extend the time period in this subsection for a period not to exceed one hundred twenty days applicable to actions by the board of directors and its chairman. B. Unless excused by the deputy director for cause before or after the date the response is due,  an escrow agent who fails to file a timely response to the report of examination shall pay the department up to $100 for each day of delinquency,  as assessed by the department.
AZ Rev Stat § 6-811 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-811 - Exemptions

6-811.  Exemptions A. The provisions of this chapter do not apply to and the term " escrow agent"  does not include: 1. Any person who is licensed to practice law in this state and who is not actively engaged in conducting an escrow business. 2. Any person doing any of the acts specified in section 6-801,  paragraph 4 pursuant to the order of a court. 3. Trustees of deeds of trust to the extent the activities are performed as a trustee under a deed of trust. 4. Any person doing any of the acts specified in section 6-801,  paragraph 4 in a fiduciary capacity for any person,  trust or estate pursuant to the order of a court. 5. Licensed real estate brokers who render certain services by collecting rents for others,  as to such rents,  and who within a reasonable time account for such rents to the person or persons properly entitled to such accounting. 6. Licensed real estate brokers who in the regular course of their business accept earnest money for the purpose of effecting the sale or transfer of property,  as to such earnest money,  and who within a reasonable time account for such earnest money to the prospective buyer or seller or to a licensed escrow agent. 7. Persons licensed pursuant to title 32,  chapter 9,  but only to the extent that these activities are regulated by title 32,  chapter 9. 8. Any person who is licensed pursuant to chapter 9,  article 2 of this title and who is approved to service loans for either: (a) The federal national mortgage association. (b) The federal home loan mortgage corporation. (c) The government national mortgage association. 9. Any person licensed pursuant to chapter 14,  article 1 of this title. 10. Any person who is licensed pursuant to chapter 9,  article 3 of this title. B. The provisions of this article do not apply to: 1. A person doing business under the laws of this state or the United States relating to banks,  credit unions,  savings banks,  trust companies and savings and loan associations,  except that this subsection does not exempt such banks,  credit unions,  trust companies,  savings banks and savings and loan associations from regulation of such escrow activities under other statutes or laws of this state or of the United States nor does this subsection allow an affiliate of the bank,  credit union,  savings bank,  trust company or savings and loan association to engage in the escrow business unless it is licensed pursuant to this article and engages in such a business in accordance with this chapter. 2. A person who is licensed pursuant to chapter 9,  article 2 of this title and who is not approved to service loans for either: (a) The federal national mortgage association. (b) The federal home loan mortgage corporation. (c) The government national mortgage association.
AZ Rev Stat § 6-812 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-812 - Foreign corporations

6-812.  Foreign corporations No foreign corporation without a valid grant of authority to do business under title 10,  chapter 15,  article 1 shall transact any escrow business in this state.
AZ Rev Stat § 6-813 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-813 - License of agent; nontransferable; posting

6-813.  License of agent;  nontransferable;  posting A. A person,  except those exempt under section 6-811,  shall not engage in or carry on,  or hold himself out as engaging in or carrying on,  the escrow business or act in the capacity of an escrow agent in this state without first obtaining a license. B. An escrow agent's license is not transferable or assignable and control of a license shall not be acquired through stock purchase or other devices without the prior written consent of the deputy director. C. A license shall be kept conspicuously posted in all licensed places of business of the licensee.
AZ Rev Stat § 6-815 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-815 - Renewal of license

6-815.  Renewal of license A licensee shall make application for renewal as prescribed by the deputy director and pay the renewal fee prescribed in section 6-126 not later than September 30 of each year. For each day after September 30 that the renewal application is not received by the deputy director the applicant shall pay $25 in addition to the fee prescribed by section 6-126. Licenses for which renewal applications are not received by the deputy director by September 30 are suspended,  and the licensee shall not act as an escrow agent until the license is renewed or a new license is issued pursuant to this article. A license of a licensee that has not filed its renewal application and paid the renewal fee by October 31 expires. A license shall not be granted to the holder of an expired license except as provided in this article for the issuance of an original license.
AZ Rev Stat § 6-816 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-816 - Fees

6-816.  Fees A. Each application for a new license or a renewal license shall be accompanied by the fee prescribed in section 6-126. B. For each day a report required by section 6-832 is not received by the department,  a licensee shall pay a fee of $25. The deputy director may excuse the fee for good cause if the cause is presented before the due date of the report.
AZ Rev Stat § 6-831 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-831 - Records

6-831.  Records All escrow agents shall keep and maintain at all times in their principal places of business complete and suitable records of all escrow transactions made by them,  together with books,  papers and data clearly reflecting the financial condition of the business of such agents.
AZ Rev Stat § 6-832 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-832 - Annual audit; report

6-832.  Annual audit;  report A. The records of each escrow agent shall be audited at least once each fiscal year by a certified public accountant. The audit shall include an audit of the escrow,  account servicing and subdivision trust activities of the escrow agent and shall follow generally accepted accounting principles. A copy of the audit report shall be filed with the deputy director not more than one hundred twenty days after the end of the escrow agent's fiscal year. The audit requirement may be satisfied by filing a copy of the audit report,  which is prepared by a certified public accountant,  of the parent of the escrow agent including an audit of the escrow,  account servicing and subdivision trust activities of the escrow agent within the prescribed time period. The deputy director may extend the time period in this subsection up to ninety days for good cause shown. B. At the time required by the deputy director,  every escrow agent shall make and file in the office of the deputy director a true and correct report,  in the form and containing the data the deputy director may require,  of the business of the agent,  including the agent's escrow,  account servicing and subdivision trust activities. Every agent shall reply promptly in writing to an inquiry from the deputy director concerning the escrow agent's business. C. The scope of the audit shall include consideration of the escrow agent's internal control structure as defined in section 6-841 in accordance with generally accepted auditing standards. A separate report shall be submitted to the deputy director if reportable conditions are identified that indicate significant deficiencies in the design or operation of the internal control structure of the escrow agent that would adversely affect the agent's ability to record,  process,  summarize and report financial data consistent with the assertions of management in the financial statements. If reportable conditions are identified,  the report on reportable conditions shall recommend specific measures to improve the escrow agent's internal control structure.