AZ SB1273

Establishes licensing requirements for earned wage access providers in Arizona, requiring providers to obtain a license from the Division of Financial Institutions before offering services in the state.

Requires providers to register with the nationwide mortgage licensing system and registry, maintain a $25,000 surety bond, pay application and annual renewal fees, and submit to character and financial responsibility investigations.

Mandates that providers offer at least one no-cost option for consumers to receive proceeds, fully disclose all fees, allow cancellation without penalties, and prohibit credit reports, late fees, credit card payments, and debt collection practices.

Prohibits providers from sharing fees with employers, soliciting misleading tips or donations, and pursuing collection through lawsuits, third-party collectors, or debt sales against consumers.

Classifies earned wage access services as not constituting loans, credit, debt, or money transmission, and requires providers to submit annual reports detailing transaction volumes, consumer numbers, proceeds amounts, and fees collected.