The Arizona Department of Financial Institutions “ AZDFI ” supervises and regulates finance institutions and enterprises according 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, additionally the Arizona Administrative Code Title 20 chapter 4. A Consumer can be contacted by you Affairs Division Examiner to respond to concerns relating to these statutes by calling 602-771-2800 choice no. 5 or by email at: email protected.
Listed here are faq’s that AZDFI has gotten from customers. The concerns have been in alphabetical order by permit kind. To experience a total variety of monetary institution and enterprise permit types that AZDFI regulates, click Licensee Lookup.
At the time 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, you can easily contact the Appraisal Division by calling 602-771-2800 choice #1. You may also file a grievance with all the Appraisal Division. To visit a total listing of appraisal license kinds, click right here then press the fall down of “directories”.
Please be aware: These questions that are frequently asked for the basic information. AZDFI just isn’t authorized to provide or provide advice that is legal. You may want to consider contacting a private attorney if you need help with a personal legal matter.
Hyper Links and info on this site can be from another national federal government agency and you will click to a hyperlink that simply leaves the AZDFI internet site and comes into that agency’s site that is produced, operated, and maintained by that agency.
Please contact that agency for more information or difficulties with the web site.
Advance Fee Loan Brokers
Q: What can be an advance cost loan broker?
A: An Advance Fee Loan Broker is someone, who for the advance cost or perhaps into the expectation of an advance cost, either straight or indirectly, makes, procures, provides, or tries to make or procure that loan of cash or expansion 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 try not to affect particular exempted persons, including banks, cost savings banking institutions, trust organizations, cost savings and loan associations, credit unions, insurance providers, customer lenders or revenue sharing and retirement trusts. For a total listing of individuals which are excluded through the concept of “Advance Fee Loan Broker, ” please make reference to A.R.S. §§6-1302(B).
Q: Does AZDFI regulate all banking institutions conducting business in their state of Arizona?
A: No, AZDFI just regulates Arizona state chartered banks.
Q: What may be the distinction between a situation and a bank that is national?
A: The main disimilarity is whether the license doing company as being a bank ended up being issued because of the local government or the government that is federal. Every time a brand new bank company is started, the owners use for either a situation or nationwide (federal) bank charter. Both forms of banking institutions provide FDIC insured deposits and both are managed in much the exact same way. The difference that is important bank clients along with other customers is when they ought to decide on regulatory help. Because Arizona state-chartered banking institutions will be the only banking institutions monitored by the AZDFI, issues payday loans Georgia and complaints gotten about nationwide banking institutions or banking institutions chartered in other states needs to be forwarded to your regulator that is appropriate. A listing of state and federal agencies that govern banking institutions positioned in Arizona although not chartered as an Arizona state-chartered bank is within the Arizona_Trade_Association_Contact_List and Other Regulator Referral List.
Q: Can a bank chartered in another continuing state work in the State of Arizona? If therefore, that is their regulator?
A: Yes. The regulator is situated in the suggest that problems the banking license. You will see more out-of-state, state banks that are regulated Arizona as a result of the passage through of the Dodd-Frank Wall Street Reform and customer Protection Act, that has been finalized into legislation on July 21, 2010. For a listing of out-of- state, state chartered banking institutions working in Arizona and much more home elevators banking institutions, please relate to the Other Regulator Referral List.
Q: how to get my cash changed from U.S. Bucks to another national country’s currency?
A: Phone your bank that is local and them about foreign exchange. You may be charged charges for trading your money. A resource for information about the present trade prices is found in the Treasury Department’s prices of Exchange. The bureau regarding the Fiscal Service regarding the united states of america Department associated with Treasury, provides present and historical 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 can make use of to check into these problems. Using Bank discover, you are able to determine if your bank is insured, whom the regulator that is primary, where you are able to get when you have a problem, or just exactly what the annals of the bank happens to be. Then you can utilize FDIC’s online calculator – EDIE the Estimator – to find out should your records are insured.
Q: My bank has unsuccessful and I also need 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 following the bank closing. Simply choose your bank and enter your account quantity to obtain the outcome. You are going to get information that is additional on the status of one’s reports.
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 information that is detailed an institution-level foundation inside their organization Directory. This can include comprehensive monetary and demographic information for every institution that is FDIC-insured such as the most recent quarterly economic statements, with performance and condition ratios. Call Reports, which consist of reports from 2001 to the present for individual banking institutions and cost cost savings associations are readily available for downloading and viewing. Taxonomies for bank Call Reports may also be available.