A. A person who knowingly violates section 44-1622 is guilty of a class 1 misdemeanor.
Terms Used In Arizona Laws 44-1631
- Felony: A crime carrying a penalty of more than a year in prison.
- Misdemeanor: Usually a petty offense, a less serious crime than a felony, punishable by less than a year of confinement.
- Person: means an individual, partnership, corporation, association, or any other entity of whatever kind or nature. See Arizona Laws 44-1691
C. A person who knowingly charges and collects interest at a rate that is greater than permitted under section 44-1626, subsection A is guilty of a class 6 felony.
D. A person who violates section 44-1627 is guilty of a class 6 felony.