Advance Fee Loan Brokers - DFI
Advance Fee Loan Brokers - DFI
Advance Fee Loan Brokers

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. 

Who is exempt from this Registration?  Please review A.R.S. §6-1302.

Inquiries concerning the preparation and filing of License and renewal applications with the Department should be directed to the Licensing Division at 602-771-2800 or e-mail at [email protected] .  For more detailed contact information, see the Contact Us” tab. .

Forms and Fees

Application Fees and Forms for Advance Fee Loan Brokers
Arizona Revised Statues §6-126 et seq & §6-1304

Application Fees and Forms for Advance Fee Loan Brokers

DESCRIPTION

FEES

FORMS

Application 

 

50.00 + License Fee (based upon submission date):

Jan, Feb, Mar: $12.50
April, May, June: $31.25*
July, Aug, Sept: $25.00
Oct, Nov, Dec: $18.75

Fees are nonrefundable.
*Fee includes the following year renewal fee.

License Year: 07/01 - 06/30
Renewal Due: 05/01 - 06/30


$25.00

Fee is nonrefundable.
Address Change No Fee
Name Change
 
$250.00
Change of Control/Ownership change (“COC”) No Fee
Officer Change No Fee

License Surrender

 

No Fee
Duplicate Registration
 
No Fee
Laws, Rules & Substantive Policy Statements & Regulatory Alerts

Arizona Revised Statutes

Article                        General Provisions

6-1301                        Definitions

6-1302                        Scope of chapter; exemptions

6-1303                        Application for registration

6-1304                        Fees

6-1305                        Registration; renewal; reporting requirements

6-1306                        Register of advance fee loan brokers

6-1307                        Records

6-1308                        Denial, revocation or suspension of registration

6-1309                        Prohibited acts

6-1310                        Noncompliance not to affect validity of loan

Arizona Administrative Code Title 20 
N/A

Substantive Policy Statements 
ARTICLE 1 - General Administration
APPLICATIONS GE-1 
CREDIT REPORTS/ARREST RECORDS  GE-3

Regulatory Alerts 
N/A

Examinations

It is the policy of AZDFI to select the most effective and efficient methods of conducting examinations so that significant risks affecting safety and soundness, as well as substantive statutory compliance, can be identified and, if necessary, appropriate supervisory action taken.  Judgment must be utilized to ensure that necessary procedures are performed and ineffective activities are avoided.

The examination fee in accordance with A.R.S. §6-125 is not more than sixty-five dollars per hour for each examiner.  The assessment late penalty is fifty dollars for each day after the thirty day period the enterprise fails to remit the assessment not to exceed the examination assessment amount.

Pursuant to A.R.S. 6-122(3) examination frequency is at the Superintendent’s discretion

For questions concerning examination of your company or license, please contact the Financial Enterprise Division at 602-771-2800 or e-mail to [email protected].

Advanced Fee Loan Brokers - NMLS

Note: Companies holding these license types are encouraged to submit a license transition request through NMLS by filing a Company Form (MU1) and an Individual Form (MU2) for each of their control persons.  Additionally, for each branch holding these license types, companies are encouraged to complete and submit a Branch Form (MU3). Click here for more information.

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. 

Who is exempt from this Registration?  Please review A.R.S. §6-1302

Company LicensesDescriptionRequirements Checklist

Advance Fee Loan Broker LicenseThis license will become available in NMLS starting July 1st, 2017. 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

Advance Fee Loan Brokers - DFI