Arizona § 6-639 Loans from theft or fraud; consumer not responsible; correction of credit information

Arizona Statutes

§ 6-639 — Loans from theft or fraud; consumer not responsible; correction of credit information

Arizona·Title 6 Arizona Revised Statutes·Ch. 5 CONSUMER LENDERS·Art. 2 Requirements for Consumer Lender Loans

A licensee may not hold a person responsible for any loan amount that is incurred as a result of a violation of section 13-2008, 13-2009, 13-2010 or 13-2310.  Within thirty days after a licensee is aware that a loan is a result of a violation of section 13-2008, 13-2009, 13-2010 or 13-2310, the licensee shall immediately correct any derogatory credit information that is reported to a consumer reporting agency as defined in section 44-1691 and that is the result of the violation.

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A licensee may not hold a person responsible for any loan amount that is incurred as a result of a violation of section 13-2008, 13-2009, 13-2010 or 13-2310. Within thirty days after a licensee is aware that a loan is a result of a violation of section 13-2008, 13-2009, 13-2010 or 13-2310, the licensee shall immediately correct any derogatory credit information that is reported to a consumer reporting agency as defined in section 44-1691 and that is the result of the violation.

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