SB 1440 Summary

• Amends Arizona law to require credit services organizations to include their complete name, address, and a statement identifying themselves as a credit services organization in all written communications to buyers, creditors, data furnishers, and credit reporting agencies.

• Establishes that collection agencies must treat communications from compliant credit services organizations the same as direct communications from buyers and must respond to credit disputes to both the debtor and the credit services organization.

• Adds prohibition against credit services organizations failing to include required communication information in their materials to creditors, credit reporting agencies, and other parties.

• Clarifies collection agency duties regarding fair dealing and prohibited practices in debt collection activities.

• Makes these requirements applicable to communications sent on or after the bill's effective date.