AZ HB2309

Establishes a licensing requirement for earned wage access providers in Arizona, effective January 1, 2027, requiring companies that offer early access to earned wages to obtain a license from the state Department of Financial Institutions.

Requires providers to post a $50,000 surety bond, register with the nationwide mortgage licensing system, and submit annual reports detailing transaction volumes, fees collected, and voluntary tips received from consumers.

Mandates consumer protections including offering at least one no-cost option for accessing wages, prohibiting the use of credit scores for eligibility, capping delivery fees at $5 for advances up to $75 and $7.50 for larger amounts, and requiring clear disclosure that tips are voluntary.

Prohibits providers from charging interest, late fees, or penalties for nonpayment, and bars them from using collection agencies, lawsuits, or debt buyers to pursue unpaid balances from consumers.

Classifies earned wage access services as distinct from loans, credit, debt, or money transmission under Arizona law, meaning fees and voluntary tips are not considered interest or finance charges.