Frequently Asked Questions From Consumers
The Arizona division of insurance coverage and banking institutions a€? DIFI a€? supervises and regulates banking institutions and companies prior to Arizona Revised Statutes Title 6 , Title 32, part 9, Articles 1, 2 and 3 & Chapter36, content 1-5 , Title 44, section 2.1, post 1 , and Arizona Administrative rule subject 20 chapter 4 . You can easily contact a Consumer matters unit Examiner to answer inquiries regarding these statutes by contacting 602-771-2800 option#2 or by e-mail at: [email secure] .
Here are faqs that DIFI has gotten from buyers. The concerns come into alphabetical order by licenses means. Observe a complete variety of standard bank and enterprise permit types that DIFI regulates, click Licensee search .
As of July 2015, DIFI additionally regulates Appraisal control Companies, Appraisers and residential property Tax Agents prior to Arizona Revised Statutes name 32, Chapter 36. For concerns associated with these statutes, possible contact the assessment Division by phoning 602-771-2800 choice #1. You may register a complaint utilizing the Appraisal unit . Observe an entire range of appraisal permit sort, just click here then push on the fall down of “directories”.
Please note: These faq’s include for the common records. DIFI just isn’t approved to give or supply legal advice. If you’d like help with your own appropriate point, you may want to consider getting in touch with a private attorney.
Website links and informative data on this page might from another authorities department and you will click to a hyperlink that leaves the DIFI websites and enters that institution’s site in fact it is developed, controlled, and kept by that agencies. Kindly call that agency for further suggestions or problems with the web site.
A: An Advance charge financing specialist is actually you, which for an advance cost or even in the expectation of an advance cost, either immediately or ultimately, makes, procures, has, or attempts to render or procure financing of cash or extension of credit. Advance charge Loan Brokers include controlled by DIFI under A.R.S. A§A§ 6-1301 a€“ 1310 . The statutes relating to Advance charge financing agents you should never connect with particular exempted individuals, including banks, discount banking companies, confidence providers, economy and financing associations, credit unions, insurance vendors, consumer lenders or profit-sharing and retirement trusts. For an entire listing of people being omitted from concept of a€?Advance Fee financing specialist,a€? be sure to refer to A.R.S. A§A§6-1302(B) .
Banks
A: An important difference is if the permit to accomplish companies as a financial was awarded of the state government or even the authorities. Both forms of banking companies offer FDIC insured build up and both are regulated in much the same way. The key difference for financial users alongside customers is where they need to aim for regulatory support. Because Arizona state-chartered banking institutions are best banking institutions monitored by DIFI , issues and grievances got about nationwide banking institutions or banking institutions chartered in other claims needs to be forwarded towards the suitable regulator. A listing of county and national firms that regulate financial institutions based out of Arizona payday loans Kaumakani Kauai open sundays although not chartered as an Arizona state-chartered financial is included for the Arizona_Trade_Association_Contact_List and Other Regulator recommendation listing .
Q: Can a bank chartered an additional county work in county of Arizona? If that’s the case, who is her regulator?
A: Indeed. The regulator is found in their state that issues the financial license. You will see a lot more out-of-state, state regulated banking companies in Arizona as a result of passage of the Dodd-Frank wall surface Street Reform and Consumer Safety work, which had been closed into legislation on July 21, 2010. For a summary of out-of- condition, county chartered banking institutions conducting business in Arizona plus details on banking companies, please refer to additional Regulator Referral number .