The Arizona Department of Insurance and Financial Institutions вЂњ DIFI вЂќ supervises and regulates institutions that are financial 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 associated with these statutes by calling 602-771-2800 option#2 or by e-mail at: [email protected] .
Listed here are faqs that DIFI has gotten from consumers. The concerns come in alphabetical purchase by license kind. To see a list that is complete of institution and enterprise permit kinds that DIFI regulates, click Licensee Lookup .
At the time of 2015, DIFI also regulates Appraisal Management Companies, Appraisers and Property Tax Agents in accordance with Arizona Revised Statutes Title 32, Chapter 36 july. For concerns concerning these statutes, it is possible to contact the Appraisal Division by calling 602-771-2800 choice number 1. You’ll be able to file a complaint utilizing the Appraisal Division . To see a list that is complete of license kinds, simply click right here and then press the fall down of “directories”.
DIFI is certainly not authorized to offer or provide legal services. In the event that you need help with an individual appropriate matter, you might give consideration to calling an exclusive lawyer.
Hyperlinks and information about these pages might be from another federal government agency and you might click to a hyperlink that departs the DIFI site and comes into that agencyвЂ™s web site that will be developed, operated, and maintained by that agency. Please contact that agency for more information or issues with the web site.
Advance Fee Loan Brokers
Q: What is an advance cost loan broker?
A: An Advance Fee Loan Broker is someone, who for an advance cost or perhaps in the expectation of an advance charge, 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 DIFI under A.R.S. В§В§ 6-1301 вЂ“ 1310 . The statutes associated with Advance Fee Loan Brokers try not to affect particular persons that are exempted including banking institutions, cost savings banking institutions, trust organizations, cost savings and loan associations, credit unions, payday loans in Ohio insurance vendors, customer loan providers or revenue sharing and retirement trusts. For an entire directory of people being excluded through the concept of вЂњAdvance Fee Loan Broker,вЂќ please make reference to A.R.S. В§В§6-1302(B) .
Q: Does DIFI manage all banking institutions business that is doing hawaii of Arizona?
A: No, DIFI just regulates Arizona state chartered banking institutions.
Q: What could be the distinction between a situation and a national bank?
A: The main disimilarity is whether the license to complete company as a bank had been given by the local government or perhaps the authorities. Whenever a 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 controlled in much the exact same manner. The difference that is important bank clients along with other customers is when they need to try using regulatory help. Because Arizona state-chartered banking institutions will be the only banking institutions monitored by the DIFI , issues and complaints gotten about national banking institutions or banks chartered various other states should be forwarded to your appropriate regulator. A summary of state and federal agencies that govern banking institutions situated in Arizona although not chartered as an Arizona state-chartered bank is included in the Arizona_Trade_Association_Contact_List and Other Regulator Referral List .