The Arizona Department of Financial Institutions “ AZDFI †supervises and regulates institutions that are financial enterprises relative to Arizona Revised Statutes Title 6, Title 32, Chapter 9, Articles 1, 2 and 3 & Chapter36, Articles 1-5, Title 44, Chapter 2.1, Article 1, therefore the Arizona Administrative Code Title 20 chapter 4. You’ll contact a customer Affairs Division Examiner to respond to concerns associated with these statutes by calling 602-771-2800 choice number 5 or by e-mail at: email protected.
Listed here are faq’s that AZDFI has gotten from customers. The concerns have been in alphabetical order by permit type. To view a list that is complete of institution and enterprise permit kinds that AZDFI regulates, click Licensee Lookup.
At the time of July 2015, AZDFI additionally regulates Appraisal Management organizations, Appraisers and Property Tax Agents according to Arizona Revised Statutes Title 32, Chapter 36. For concerns associated with these statutes, you are able to contact the Appraisal Division by calling 602-771-2800 choice # 1. You may file an issue with all the Appraisal Division. To visit an entire listing of appraisal license kinds, click right right here then press the fall down of “directories”.
Please be aware: These questions that are frequently asked for the basic information. AZDFI is certainly not authorized to provide or provide advice that is legal. In the event that you need help with an individual appropriate matter, you might start thinking about calling a personal lawyer.
Links and info on this site might be from another government agency and you will click to a web link that simply leaves the AZDFI web site and goes into that agency’s site that will be developed, operated, and maintained by that agency.
Please contact that agency for more info or issues with the internet site.
Advance Fee Loan Brokers
Q: What is an advance cost loan broker?
A: An Advance Fee Loan Broker is an individual, whom for an advance charge or into the expectation of a advance cost, either straight or indirectly, makes, procures, provides, or tries to make or procure that loan of extension or money of credit. Advance Fee Loan Brokers are controlled by AZDFI under A.R.S. §§ 6-1301 – 1310. The statutes associated with Advance Fee Loan Brokers don’t connect with particular persons that are exempted including banking institutions, cost cost cost savings banking institutions, trust businesses, cost cost savings and loan associations, credit unions, insurance vendors, customer loan providers or revenue sharing and retirement trusts. For a total a number of persons which are excluded through the concept of “Advance Fee Loan Broker, †please make reference to A.R.S. §§6-1302(B).
Banking Institutions
Q: Does AZDFI regulate all banking institutions business that is doing hawaii of Arizona?
A: No, AZDFI just regulates Arizona state chartered banking institutions.
Q: What may be the distinction between a situation and a nationwide bank?
A: The main distinction is whether or not the license to accomplish company as a bank ended up being issued because of the local government or the government that is federal. Each time a brand new bank organization is started, the owners use for either a situation or nationwide (federal) bank charter. Both kinds of banking institutions offer FDIC insured deposits and both are controlled in much the exact same way. The essential difference for bank clients as well as other customers is where they ought to choose regulatory assistance. Because Arizona state-chartered banking institutions would be the only banking institutions monitored by the AZDFI, issues and complaints gotten about nationwide banks or banking institutions chartered in other states needs to be forwarded into the regulator that is appropriate. A summary of state and federal agencies that govern banking institutions positioned in Arizona although not chartered being an Arizona bank that is state-chartered within the Arizona_Trade_Association_Contact_List and Other Regulator Referral List.
Q: Can a bank chartered in another continuing state work into hawaii of Arizona? If therefore, who’s their regulator?
A: Yes. The regulator is found in the continuing suggest that problems the banking license. You will see more out-of-state, state regulated banking institutions in Arizona as a result of passage of the Dodd-Frank Wall Street Reform and customer Protection Act, that was finalized into law on July 21, 2010. For a summary of out-of- state, state chartered banking institutions working in Arizona and much more info on banking institutions, please make reference to the Other Regulator Referral List.
Q: how do i get my cash changed from U.S. Bucks to another country’s currency?
A: Phone your bank that is local and them about forex. You might be charged charges for trading your money. A resource for information about the exchange that is current can be bought at the Treasury Department’s prices of Exchange. The bureau associated with the Fiscal Service for the usa Department of this Treasury, provides present and historic trade price information.
Q: how to see whether my bank is insured and my deposits are covered?
A: The Federal Deposit Insurance Corporation (FDIC) has two tools you should use to be sure of these problems. Making use of Bank discover, it is possible to see whether your bank is insured, whom the main regulator is, where you are able to get when you have a issue, or just exactly just what a brief history of one’s bank happens to be. After that you can make use of FDIC’s online calculator – EDIE the Estimator – to find out if the records are insured.
Q: My bank has unsuccessful and I also need payday loans LA to know if my reports are insured!
A: The Federal Deposit Insurance Corporation (FDIC) has a user friendly device – Is My Account completely Insured? That can be used the business that is first after the bank closing. Simply choose your bank and enter your bank account quantity to obtain the outcome. You certainly will get extra information based on the status of one’s records.
Q: just how can the regulator is found by me, reports and information about specific banking institutions?
A: The Federal Deposit Insurance Corporation (FDIC) provides step-by-step info on an institution-level basis inside their organization Directory. This consists of comprehensive monetary and demographic information for each FDIC-insured organization, such as the newest quarterly economic statements, with performance and condition ratios. Call Reports, which consist of reports from 2001 for this for specific banking institutions and cost cost savings associations are readily available for downloading and viewing. Taxonomies for bank Call Reports can also be found.
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