Arizona § 6-701 - Definitions
Full text of Arizona Arizona Revised Statutes § 6-701 — Definitions, with citation guidance and answers to common questions.
§ 6-701. Definitions
In this chapter, unless the context otherwise requires:
1. "Agency" means any business serving the public, which as part of its services accepts money for and on behalf of a licensee.
2. "Branch office" means any office operated solely for the purpose of accepting money and performing other services for a licensee.
3. "Creditor" means a person for whose benefit monies are being collected and disbursed by a licensee.
4. "Debt management company" means a corporation, company, firm, partnership, association or society, as well as a natural person, that for compensation engages in the business of receiving money, or evidences thereof, in this state or from a resident of this state as agent of a debtor for the purpose of distributing the same to his creditors in payment or partial payment of his obligations.
5. "Debtor" means a person from whom monies are being accepted for disbursement to creditors.
6. "License" means a license issued under this chapter.
7. "Licensee" means a corporation, company, firm, partnership, association or society, as well as a natural person, licensed by the deputy director to engage in the business of a debt management company pursuant to this chapter.
8. "Nonprofit religious, fraternal or cooperative organizations" means religious, fraternal or cooperative organizations or entities whose primary functions or purposes are not the provision of debt management services.
Frequently Asked Questions About Arizona § 6-701
What does Arizona Revised Statutes § 6-701 cover?
Section 6-701 ("Definitions") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 6-701?
A common citation format is "Arizona Revised Statutes § 6-701" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 6-701 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.