Statutes, codes, and regulations
Arizona Administrative Code
Title 20 - COMMERCE, FINANCIAL INSTITUTIONS, AND INSURANCEChapter 04 - DEPARTMENT OF INSURANCE AND FINANCIAL INSTITUTIONS - FINANCIAL INSTITUTIONS
Article 15 - COLLECTION AGENCIES
Section R20-4-1510 - Representations as to Rights Waived or Remedies Available

Ariz. Admin. Code § 20-4-1510

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Current through Register Vol. 30, No. 37, September 13, 2024
Section R20-4-1510 - Representations as to Rights Waived or Remedies Available
A. A collection agency shall not inform a debtor that:

1. The debtor waives any legal right or legal defense by a failure to contact the collection agency, and
2. The collection agency has the power or right to bypass the legal process.
B. A collection agency shall not misrepresent the remedies available to the collection agency.

Ariz. Admin. Code § R20-4-1510

Adopted as an emergency effective September 6, 1978, pursuant to A.R.S. § 41-1003, valid for only 90 days (Supp. 78-5). Adopted effective December 6, 1978 (Supp. 78-6). R20-4-1510recodified from R4-4-1510 (Supp. 95-1). Amended by final rulemaking at 12 A.A.R. 1331, effective June 4, 2006 (Supp. 06-2). Amended by final rulemaking at 29 A.A.R. 1961, effective 10/2/2023.