Arizona AG: Earned wage access products are not loans
An EWA product offered as a no-interest, no-fee, non-recourse product does not fall within the definition of “consumer loan” under Arizona Revised Statutes § 6-601(7),
An EWA product offered as a no-interest, no-fee, non-recourse product does not fall within the definition of “consumer loan” under Arizona Revised Statutes § 6-601(7),
The amendments, among other things, allow licensed companies to permit licensed mortgage loan originators to work from their residence without licensing the residence as a branch.