Arizona Revised Statutes

Ariz. Rev. Stat. § 6-615 (2026)

Foreign loans; reciprocity

✓ current as of May 2026

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If a consumer lender loan subject to this chapter is made at a location outside this state to a consumer who is a resident of this state at the time that the consumer lender loan is made and the annual percentage rate of finance charges and other fees charged, contracted for or received are greater than permitted by this chapter, that consumer lender loan is enforceable in this state only to the extent of the finance charges and other fees permitted by this chapter. This section does not apply to consumer lender loans that are solicited in this state from outside this state and that are subject to this chapter.

Notes of Decisions

Cited in 1 case, 1990–1990 · leading case: Rascon v. Transamerica Fin. Corp., 812 P.2d 1019 (Ariz. Ct. App. 1990).

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Rascon v. Transamerica Fin. Corp., 812 P.2d 1019 (Ariz. Ct. App. 1990). · cites it 2× “But see A.R.S. § 6-615(C) (failure of licensee to operate business of lending under CLA for any continuous period of 60 days or more constitutes ground for revocation of license).”

— Ariz. Rev. Stat. § 6-615(C) — 1 case

Rascon v. Transamerica Fin. Corp., 812 P.2d 1019 (Ariz. Ct. App. 1990). “But see A.R.S. § 6-615(C) (failure of licensee to operate business of lending under CLA for any continuous period of 60 days or more constitutes ground for revocation of license).”

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