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2021 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
§ 6-639 - Loans from theft or fraud; consumer not responsible; correction of credit information
Universal Citation:
AZ Rev Stat § 6-639 (2021)
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6-639. Loans from theft or fraud; consumer not responsible; correction of credit information
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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