Transamerica Financial Corp. v. Superior Court

OPINION

LACAGNINA, Judge. *

I JURISDICTION

Olivia M. Rascón and Jorge C. and Antonia G. Medina (Rascón) petition this court for review of the decision of the court of appeals in Transamerica v. Superior Court, 155 Ariz. 327, 746 P.2d 497, filed July 9, 1987, holding that no private right of action arises under the Consumer Loan Act (the Act), that Rascón had only an administrative remedy, and that failure to exhaust that remedy precluded judicial intervention. We have jurisdiction pursuant to Ariz. Const., art. 6, § 5(3), and A.R.S. § 12-120.24.

II ISSUES

We granted review of the following issues:

1…