Jhass Group L.L.C. v. Arizona Department of Financial Institutions

OPINION

BROWN, Judge:

¶ 1 This appeal arises from a challenge to an administrative order imposing a $150,000 fine for failure to comply with Arizona Revised Statutes (“A.R.S.”) section 6-715, which requires a debt management company operating in Arizona to obtain a license from the Arizona Department of Financial Institutions (“the Department”). A debt management company is defined as a person or entity that for compensation “engages in the business of receiving money, or evidences thereof, ... as agent of a debtor for the purpose of distributing the same to his creditors!)]” AR.S. § 6-701(4).…