The Arizona Department of Financial Institutions “ AZDFI ” supervises and regulates finance institutions and 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 blog.1, Article 1, plus the Arizona Administrative Code Title 20 chapter 4. A Consumer can be contacted by you Affairs Division Examiner to resolve concerns associated with these statutes by calling 602-771-2800 choice number 5 or by email at: email protected.
Here are faq’s that AZDFI has gotten from consumers. The concerns have been in alphabetical purchase by permit kind. To visit an entire range of monetary institution and enterprise permit kinds 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, it is possible to contact the Appraisal Division by calling 602-771-2800 choice no. 1. You may register a problem using the Appraisal Division. To see a complete listing of appraisal license kinds, simply click right right here then press the fall down of “directories”.
Take note: These questions that are frequently asked for the basic information. AZDFI just isn’t authorized to offer or provide legal counsel. You may want to consider contacting a private attorney if you need help with a personal legal matter.
Hyper hyper Links and home elevators these pages might be from another federal federal government agency and you might click to a web link that departs the AZDFI internet site and goes into that agency’s web site that will be produced, operated, and maintained by that agency.
Please contact that agency for more information or issues with the internet site.
Advance Fee Loan Brokers
Q: What is definitely an advance charge loan broker?
A: An Advance Fee Loan Broker is someone, whom for an advance charge or within the expectation of a advance charge, either straight or indirectly, makes, procures, provides, or attempts to make or procure that loan of cash or expansion of credit. Advance Fee Loan Brokers are managed by AZDFI under A.R.S. §§ 6-1301 – 1310. The statutes concerning Advance Fee Loan Brokers don’t affect particular exempted persons, including banking institutions, cost savings banking institutions, trust businesses, cost savings and loan associations, credit unions, insurance providers, 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).
Q: Does AZDFI regulate all banking institutions business that is doing their state of Arizona?
A: No, AZDFI just regulates Arizona state chartered banking institutions.
Q: What could be the distinction between a situation and a nationwide bank?
A: The main distinction is whether the permit to accomplish company as being a bank ended up being issued because of the local government or the government. Each time a brand new bank company is started, the owners use for either a situation or nationwide (federal) bank charter. Both forms of banks offer FDIC insured deposits and both are controlled in much the manner that is same. The difference that is important bank clients along with other customers is where they need to go after regulatory help. Because Arizona state-chartered banking institutions would be the only banking institutions monitored by the AZDFI, issues and complaints gotten about nationwide banking institutions 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 banks positioned in Arizona yet not chartered as an Arizona bank that is state-chartered contained in the Arizona_Trade_Association_Contact_List and Other Regulator Referral List.
Q: Can a bank chartered in another continuing state conduct business into their state of Arizona? In that case, who’s their regulator?
A: Yes. The regulator is situated in the continuing suggest that problems the banking license. You will see more out-of-state, state banks that are regulated Arizona because of the passage through of the Dodd-Frank Wall Street Reform and customer Protection Act, that has been signed into law on July 21, 2010. For a summary of out-of- state, state chartered banking institutions business that is doing Arizona and much more information about 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 might be charged charges for exchanging your money. A reference for all about the exchange that is current are obtainable at the Treasury Department’s prices of Exchange. The bureau regarding the Fiscal Service associated with united states of america Department for 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 need to use to check up on these problems. Utilizing Bank discover, you can easily see whether your bank is insured, whom the main regulator is, where you are able to get when you have a grievance, or just just what the annals of the bank happens to be. Then you’re able to utilize FDIC’s on the web calculator – EDIE the Estimator – to find out in case your reports are insured.
Q: My bank has unsuccessful and I also wish to know if my reports are insured!
A: The Federal Deposit Insurance Corporation (FDIC) has an easy to use device – Is My Account completely Insured? Which you can use the very first working day following the bank closing. Simply choose your bank and enter your bank account number to obtain the outcome. You certainly will get information that is additional on the status of one’s records.
Q: how do 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 foundation within their organization Directory. This can include comprehensive economic and demographic information for every institution that is FDIC-insured such as the newest quarterly monetary statements, with performance and condition ratios. Call Reports, which consist of reports from 2001 to the current for specific banking institutions and savings associations are readily available for downloading and viewing. Taxonomies for bank Call Reports will also be available.