The Arizona Department of Financial Institutions “ AZDFI ” supervises and regulates institutions that are financial enterprises prior 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, together with Arizona Administrative Code Title 20 chapter 4. It is possible to contact a Consumer Affairs Division Examiner to respond to concerns concerning these statutes by calling 602-771-2800 choice # 5 or by email at: email protected.
Here are faq’s that AZDFI has gotten from customers. The concerns come in alphabetical purchase by permit kind. To notice a list that is complete of institution and enterprise permit kinds that AZDFI regulates, click Licensee Lookup.
As of 2015, AZDFI also regulates Appraisal Management Companies, Appraisers and Property Tax Agents in accordance with Arizona Revised Statutes Title 32, Chapter 36 july. For concerns associated with these statutes, it is possible to contact the Appraisal Division by calling 602-771-2800 choice # 1. You may want to register a grievance aided by the Appraisal Division. To visit a list that is complete of license kinds, simply 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 offer or provide advice that is legal. In the event that you need help with an individual appropriate matter, you might think about calling a personal lawyer.
Hyper hyper Links and information about these pages can be from www.cartitleloansplus.com/payday-loans-mt/ another government agency and you’ll click to a hyperlink that departs the AZDFI internet site and comes into that agency’s web site that is developed, operated, and maintained by that agency.
Please contact that agency for more information or problems with the web site.
Advance Fee Loan Brokers
Q: What is an advance cost loan broker?
A: An Advance Fee Loan Broker is an individual, whom for the advance charge or perhaps in the expectation of a advance charge, 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 managed by AZDFI under A.R.S. §§ 6-1301 – 1310. The statutes associated with Advance Fee Loan Brokers usually do not connect with specific persons that are exempted including banking institutions, cost savings banks, trust organizations, cost savings and loan associations, credit unions, insurance firms, customer loan providers or revenue sharing and retirement trusts. For a total range of people 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 working in hawaii of Arizona?
A: No, AZDFI just regulates Arizona state chartered banking institutions.
Q: What could be the distinction between a situation and a bank that is national?
A: The main distinction is whether the license to accomplish company being a bank had been provided because of the local government or the authorities. Every time a brand new bank company is started, the owners use for either a situation or nationwide (federal) bank charter. Both kinds of banking institutions provide FDIC insured deposits and both are managed in much the exact same way. The crucial distinction for bank customers as well as other customers is where they need to opt for regulatory help. Because Arizona state-chartered banking institutions would be the only banking institutions supervised by the AZDFI, issues and complaints gotten about nationwide banking institutions or banking institutions chartered in other states should be forwarded to the appropriate regulator. 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 state work into their state of Arizona? In that case, that is their regulator?
A: Yes. The regulator is found in the continuing declare that problems the banking license. You will see more out-of-state, state regulated banking institutions in Arizona as a result of passage through of the Dodd-Frank Wall Street Reform and customer Protection Act, that was finalized into legislation on July 21, 2010. For a listing of out-of- state, state chartered banking institutions conducting business 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 regional bank and get them about foreign exchange. You may be charged charges for trading your money. A reference for home elevators the present change prices are available during the Treasury Department’s Rates of Exchange. The bureau for the Fiscal Service of this united states of america Department associated with the Treasury, provides present and exchange rate information that is historical.
Q: how do i figure out if my bank is insured and my deposits are covered?
A: The Federal Deposit Insurance Corporation (FDIC) has two tools you can make use of to check on these problems. Making use of Bank discover, you are able to see whether your bank is insured, whom the main regulator is, where you could get when you yourself have a problem, or exactly what the real history of one’s bank happens to be. You may then utilize FDIC’s on the web calculator – EDIE the Estimator – to find out if the records are insured.
Q: My bank has unsuccessful and I also need to know if my records are insured!
A: The Federal Deposit Insurance Corporation (FDIC) has an easy to use device – Is My Account completely Insured? That can be used the business that is first following the bank closing. Simply pick your bank and enter your account quantity to obtain the outcome. You’ll get information that is additional on the status of the reports.
Q: how do the regulator is found by me, reports and information about specific banking institutions?
A: The Federal Deposit Insurance Corporation (FDIC) provides detail by detail info on an institution-level basis inside their organization Directory. This can include comprehensive economic and demographic information for every single FDIC-insured organization, like the newest quarterly economic statements, with performance and condition ratios. Call Reports, which consist of reports from 2001 for this for individual banking institutions and cost savings associations are readily available for viewing and downloading. Taxonomies for bank Call Reports can also be found.
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