Faqs From Customers
Listed here are faqs that DIFI has gotten from customers. The concerns come in alphabetical purchase by permit kind. To experience a complete directory of economic institution and enterprise permit kinds that DIFI regulates, click on Licensee Lookup .
As of July 2015, DIFI additionally regulates Appraisal Management businesses, Appraisers and Property Tax Agents according to Arizona Revised Statutes Title 32, Chapter 36. You may want to register a grievance aided by the Appraisal Division . To view a list that is complete of license kinds, click right right here then press the fall down of “directories”.
take note: These faqs are for the basic information. DIFI 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 hyper Links and informative data on these pages can be from another national federal government agency and you might click to a hyperlink that will leave the DIFI internet site and gets in that agency’s site which will be produced, operated, and maintained by that agency. Please contact that agency for more info or difficulties with the internet site.
Advance Fee Loan Brokers
Q: What is an advance charge loan broker?
A: An Advance Fee Loan Broker is an individual, whom for an advance cost or into the expectation of an advance charge, either directly or indirectly, makes, procures, offers, or tries to make or procure that loan of money or expansion of credit. Advance Fee Loan Brokers are managed by DIFI under A.R.S. В§В§ 6-1301 – 1310 . The statutes associated with Advance Fee Loan Brokers don’t connect with particular persons that are exempted including banks, cost savings banking institutions, trust organizations, cost savings and loan associations, credit unions, insurance firms, customer loan providers or revenue sharing and retirement trusts. For a whole a number of individuals which can be excluded through the concept of “Advance Fee Loan Broker,” please make reference to A.R.S. В§В§6-1302(B) .
Banking Institutions
Q: Does DIFI manage all banking institutions conducting business in hawaii of Arizona?
A: No, DIFI just regulates Arizona state chartered banking institutions.
Q: What may be the distinction between circumstances and a nationwide bank?
A: The main distinction is whether or not the license to accomplish company as a bank ended up being issued because of the local government or the government. Each time a brand new bank organization is started, the owners online title TN use for either a situation or nationwide (federal) bank charter. Both kinds of banks provide FDIC insured deposits and both are controlled in much the exact same way. The crucial huge difference for bank customers along with other customers is where they ought to decide on 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 banking institutions chartered in other states needs to be forwarded towards the appropriate regulator. A summary of state and federal agencies that govern banking institutions situated in Arizona yet 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 continuing state conduct business into their state of Arizona? If therefore, that is their regulator?
A: Yes. The regulator is situated in the continuing suggest that problems the banking permit. You will observe 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 was finalized into legislation on July 21, 2010. For a listing of out-of- state, state chartered banking institutions conducting business in Arizona and much more home elevators banking institutions, please make reference to the Other Regulator Referral List .