AZ HB2614

Expands the definition of "claim" to include obligations sold or assigned to a purchaser after being written off or delinquent, and specifically includes obligations acquired after a consumer defaults.

Makes it unlawful for collection agencies to bring suit, initiate arbitration, or attempt to collect on debts when the statute of limitations has expired, debt has been discharged in bankruptcy, debt has been paid or settled, or debt is illegal under federal or state law.

Adds violation of the Servicemembers Civil Relief Act (50 Appendix U.S.C. §§ 521-527) as an unlawful act under Arizona's collection agency laws.

Establishes that violations of collection agency statutes constitute unlawful practices under Arizona's consumer protection law (A.R.S. § 44-1522) and authorizes the Attorney General to investigate and enforce violations.

Clarifies exemptions for certain entities including financial institutions and requires exempt entities to comply with specific provisions regarding unlawful acts and consumer protections.