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Current as of January 01, 2025 | Updated by Findlaw Staff
A. The revocation, suspension or surrender of a consumer lender license does not impair or affect:
1. The obligation of any preexisting consumer lender loan between the consumer lender and any consumer.
2. The ability or right of the consumer lender to service existing consumer lender loans from outside this state.
B. If this chapter or any part of this chapter is modified, amended or repealed, resulting in a cancellation or alteration of any consumer lender license or right of a licensee under this chapter, that cancellation or alteration does not impair or affect the obligation of any preexisting contract between a consumer lender and any consumer.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 6. Banks and Financial Institutions § 6-610. Effect of revocation, suspension or surrender on preexisting contract; impairment of contracts - last updated January 01, 2025 | https://codes.findlaw.com/az/title-6-banks-and-financial-institutions/az-rev-st-sect-6-610/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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