Advance Fee Loan Brokers

Arizona Adds Consumer Finance & Debt-Related Licenses to NMLS July 1, 2017

NMLS is now receiving new application and transition filings for the following Arizona Department of Financial Institutions licenses. New applicants and existing licensees are now able to submit these records through NMLS.

Advance Fee Loan Broker License
Escrow Agent License
Premium Finance License
Sales Finance License

Note: Companies holding these license types are encouraged to submit a license transition request through NMLS by filing a Company Form (MU1) and an Individual Form (MU2) for each of their control persons. Additionally, for each branch holding these license types, companies are encouraged to complete and submit a Branch Form (MU3). Click here for more information.

This Registration is required of any person who for an advance fee or in the expectation of an advance fee, either directly or indirectly, makes procures, offers, or attempts to make or procure a loan of money or extension of credit.

Who is exempt from this Registration? Please review A.R.S. §6-1302

Company Licenses	Description	Requirements Checklist
Advance Fee Loan Broker License	This license will become available in NMLS starting July 1st, 2017. This Registration is required of any person who for an advance fee or in the expectation of an advance fee, either directly or indirectly, makes procures, offers, or attempts to make or procure a loan of money or extension of credit. Please review A.R.S. § 6-1301	Transition To NMLS New Application Amendment Surrender

If you are not currently transitioning to the NMLS system, please click here.