The Arizona Department of Financial Institutions “ AZDFI ” supervises and regulates institutions that are financial enterprises according to Arizona Revised Statutes Title 6, Title 32, Chapter 9 cashland auto title loans, 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. You are able to contact a customer Affairs Division Examiner to resolve concerns concerning these statutes by calling 602-771-2800 choice # 5 or by email at: email protected.
Listed here are faqs that AZDFI has gotten from consumers. The concerns have been in alphabetical purchase by permit kind. To visit a complete variety 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, you are able to contact the Appraisal Division by calling 602-771-2800 choice number 1. You’ll be able to register a grievance utilizing the Appraisal Division. To visit a list that is complete of license kinds, simply simply click right right here then press the fall down of “directories”.
Please be aware: These faqs are for your basic information. AZDFI is certainly not authorized to offer 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 information about this site could be from another federal government agency and you’ll click to a web link that actually leaves the AZDFI internet site and gets in that agency’s internet site which can be created, 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 charge loan broker?
A: An Advance Fee Loan Broker is an individual, whom for the advance charge or perhaps within the expectation of a 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 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 cost cost savings banking institutions, trust organizations, cost savings and loan associations, credit unions, insurance vendors, customer loan providers or revenue sharing and retirement trusts. For a whole range of individuals which can be 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 hawaii of Arizona?
A: No, AZDFI only regulates Arizona state chartered banking institutions.
Q: What may be the distinction between circumstances and a bank that is national?
A: The main distinction is whether the permit to complete company as a bank ended up being provided by the local government or even the authorities. Every time a brand new bank organization 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 controlled in much the manner that is same. The difference that is important bank clients as well as other customers is when they need to aim 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 needs to be forwarded to your 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 contained in the Arizona_Trade_Association_Contact_List and Other Regulator Referral List.
Q: Can a bank chartered in another state conduct business when you look at their state of Arizona? In that case, that is their regulator?
A: Yes. The regulator is situated in the continuing declare that problems the banking license. You will observe more out-of-state, state regulated banking institutions in Arizona as a result of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, that has been finalized into legislation on July 21, 2010. For a summary of out-of- state, state chartered banking institutions business that is doing Arizona and more info on banking institutions, please relate to the Other Regulator Referral List.
Q: how do i 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 info on the exchange that is current can be obtained at the Treasury Department’s prices of Exchange. The bureau for the Fiscal Service associated with the united states of america Department regarding 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 be sure of these problems. Utilizing Bank discover, it is possible to see whether your bank is insured, who the regulator that is primary, where you could go when you yourself have a grievance, or exactly exactly just what a brief history 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 a user friendly 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 account quantity to have the result. You certainly will get more information based on the status of the records.
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 within their organization Directory. This includes comprehensive monetary and demographic information for every single institution that is FDIC-insured like 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 cost savings associations are readily available for viewing and downloading. Taxonomies for bank Call Reports may also be available.