Leonard H. v. Beneficial Arizona, Inc.

OPINION

FELDMAN, Justice.

The court of appeals held that between 1980 and 1984, lenders licensed under the Consumer Loan Act (CLA) could make loans without being subject to the CLA’s restrictions. Thus, the court of appeals affirmed the trial judge’s dismissal of plaintiffs’ lawsuit. Aros v. Beneficial Arizona, Inc. (Aros II), No. 1 CA-CV 96-0393 (App. Oct. 9, 1997) (mem. dec.). We accepted review and now hold that during that four-year period, the non-interest restrictions of the CLA applied to licensed lenders. We have jurisdiction pursuant to Ariz. Const. art. VI, § 5(3) and A.R.S. §…