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SAL LEASING, INC. v. STATE EX REL. NAPOLITANO

No. 1 CA-CV 99-0631.

10 P.3d 1221 (2000)

198 Ariz. 434

SAL LEASING, INC., an Arizona corporation; Boris Baich, an unmarried man; James Markakis and Michelle Markakis, his wife; Jeffrey Boas, Plaintiffs-Counterdefendants-Appellees, v. STATE of Arizona, ex rel. Janet NAPOLITANO, Attorney General, and Richard Houseworth, Superintendent of Banks, Defendants-Counterclaimants-Appellants.

Court of Appeals of Arizona, Division 1, Department A.

October 3, 2000.

Attorney(s) appearing for the Case

Law Offices of Ronald W. Meyer, by Ronald W. Meyer, Phoenix, for Plaintiffs-Counterdefendants-Appellees.

Janet A. Napolitano, Attorney General, by Hugh E. Hegyi, Assistant Attorney General, Phoenix, for Defendants-Counterclaimants-Appellants.

OPINION

GARBARINO, Judge.

¶ 1 The State of Arizona appeals from a declaratory judgment holding that the Consumer Lenders Act, Arizona Revised Statutes Annotated (A.R.S.) section 6-601 to -638 (1999), does not apply to SAL Leasing, Inc., an Arizona corporation which operated a business that purchased customers' vehicles at a reduced price and leased them back to the customers with an option to repurchase. In addition, the State appeals the trial court...

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