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2023 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
Chapter 1 - FINANCIAL INSTITUTIONS DIVISION
Article 1 - Definitions Chapter 1 - FINANCIAL INSTITUTIONS DIVISION
Article 2 - Financial Institutions Division
Article 3 - Powers and Duties
Article 4 - Acquisition of Control of a Bank, Trust Company or Savings and Loan Association
Article 5 - Proceedings for Officer Removal
Article 1 - General Provisions
Article 2 - Banking Permit
Article 3 - Merger, Consolidation and Conversion of National and State Banks
Article 4 - Accounts
Article 5 - Regulation of Conduct of Business
Article 6 - Reserves
Article 7 - Arizona Interstate Bank and Savings and Loan Association Act
Article 9 - Loans
Article 11 - Trust Business
Article 12 - Prohibited Practices; Penalties
Article 13 - Liquidation and Dissolution
Article 1 - General Provisions
Article 2 - Formation and Licensing
Article 3 - Membership and Management
Article 4 - Capital
Article 5 - Investments and Powers
Article 6 - Voluntary Corporate Changes
Article 7 - Voluntary Liquidation
Article 8 - Supervision
Article 9 - Rehabilitation and Reorganization
Article 10 - Miscellaneous Provisions
Article 1 - General Provisions
Article 2 - Formation of Credit Union
Article 3 - Powers of Credit Union Chapter 4 - CREDIT UNIONS
Article 4 - Membership
Article 5 - Direction of Affairs
Article 6 - Accounts
Article 7 - Loans
Article 8 - Other Member Services
Article 9 - Investments Chapter 4 - CREDIT UNIONS
Article 10 - Reserves Chapter 4 - CREDIT UNIONS
Article 11 - Dissolutions
Article 12 - Change in Corporate Status Chapter 4 - CREDIT UNIONS
Article 13 - Corporate Credit Union
Article 1 - General Provisions
Article 2 - Requirements for Consumer Lender Loans
Article 1 - In General
Article 1 - Administration Chapter 7 - ESCROW AGENTS
Article 2 - Licensing
Article 3 - Regulations
Article 4 - Escrow Rates
Article 1 - General Provisions
Article 2 - Uniform Common Trust Fund Act
Article 3 - Authorization to Accept Savings Accounts and Time Deposits Chapter 9 - MORTGAGE BROKERS, MORTGAGE BANKERS AND LOAN ORIGINATORS
Article 1 - Mortgage Brokers
Article 2 - Mortgage Bankers
Article 3 - Commercial Mortgage Bankers
Article 4 - Loan Originators
Article 1 - General Provisions
Article 1 - General Provisions
Article 1 - Money Transmission
Article 2 - Money Laundering
Article 1 - General Provisions
Article 1 - General Provisions
Article 1 - General Provisions
Article 1 - General Provisions Chapter 17 - REVERSE MORTGAGES
Article 1 - General Provisions
Article 1 - Definitions Chapter 1 - FINANCIAL INSTITUTIONS DIVISION
Article 2 - Financial Institutions Division
- § 6-110 - Financial institutions division; deputy director
- § 6-112 - Assistant director; examiners; personnel
- § 6-113 - Acts prohibited; officers; employees
- § 6-114 - Balloon payments prohibited; applicability; exemptions
- § 6-115 - Insurance premium transmitters; timely payment required; civil penalty
- § 6-116 - Sale of securities; disclosure
- § 6-117 - Assumed business name; trade name; notification; definition
Article 3 - Powers and Duties
- § 6-121 - Examination; supervision
- § 6-122 - Deputy director; authority; duties
- § 6-123 - Deputy director; powers
- § 6-123.01 - Fingerprint requirements; fees
- § 6-124 - Investigations; compelling testimony and the production of documents; self-incrimination
- § 6-125 - Annual examination assessment of financial institutions and enterprises; costs of foreign examination; payment
- § 6-126 - Application fees for financial institutions and enterprises
- § 6-127 - Disposition of revenue
- § 6-128 - Joint examinations; acceptance of federal regulatory and other authorized examinations
- § 6-129 - Records; disclosure and limitations on disclosure; evidentiary effect
- § 6-129.01 - Enterprise documents open to public inspection
- § 6-129.02 - Records destruction; personal information
- § 6-130 - Limitation of personal liability
- § 6-131 - Right to sue and defend in actions; liability limitation; award of fees and other expenses
- § 6-131.01 - Appointment of deputy director as receiver; award of property, fees and costs
- § 6-132 - Violation of title; civil penalty
- § 6-133 - Violations; classification
- § 6-134 - False statements as to financial condition; classification
- § 6-135 - Department revolving fund; use of fund
- § 6-135.01 - Department receivership revolving fund; use of fund
- § 6-136 - Violation of order or injunction; penalty
- § 6-137 - Cease and desist orders; injunctions; public inspection
- § 6-138 - Hearings
- § 6-139 - Judicial review
Article 4 - Acquisition of Control of a Bank, Trust Company or Savings and Loan Association
- § 6-141 - Definitions
- § 6-142 - Unlawful control
- § 6-143 - Exempt persons and transactions
- § 6-144 - Acquisition of control; approval of deputy director
- § 6-145 - Application for approval
- § 6-146 - Material change of fact; filing amended statements
- § 6-147 - Denial of application; grounds
- § 6-148 - Failure to act on application as approval
- § 6-149 - Determination of control of one person by another; hearing; notice
- § 6-150 - Appointment of deputy director as agent for service of process; forwarding of process; consent to jurisdiction
- § 6-151 - Injunctions
- § 6-153 - Acquisition of voting securities in violation of article; limitation on rights as shareholder; injunction
Article 5 - Proceedings for Officer Removal
- § 6-161 - Suspension, removal or prohibition; hearing; notice
- § 6-162 - Temporary prohibition; injunction
- § 6-163 - Judicial review
- § 6-164 - Attorney fees and expenses
- § 6-165 - Enforcement of order
Article 1 - General Provisions
- § 6-181 - Declaration of purposes
- § 6-182 - Transition
- § 6-183 - Rights, powers and privileges of national banks
- § 6-184 - General corporate and banking powers; incidental powers; deposit insurance; federal reserve and home loan bank membership; agency relationship
- § 6-185 - Board of directors' meetings; review; report of failure of quorum to meet
- § 6-186 - Annual audit and report
- § 6-187 - Authority to declare dividends; limitation
- § 6-188 - Bonds and insurance; coverage
- § 6-189 - Capital obligations; approval; convertibility
- § 6-190 - Bank offices; standards and term of approval; closing; automated teller machines
- § 6-191 - Foreign banking offices; additional powers; separate accounts; additional offices; definition
- § 6-192 - Investments in international and foreign banking and financing corporations; limitation; consent; exceptions
- § 6-193 - Bank and holding company subsidiaries; powers
Article 2 - Banking Permit
- § 6-201 - Authority to engage in banking business; exception
- § 6-202 - Existing banks
- § 6-203 - Application for banking permit; organizational application; final application
- § 6-204 - Issuance of banking permit; trust business; conditional approval; hearing; banker's bank; definitions
- § 6-205 - Term of permit; surrender; revocation
Article 3 - Merger, Consolidation and Conversion of National and State Banks
- § 6-211 - Definitions
- § 6-212 - Resulting national bank
- § 6-215 - Retention of nonconforming assets; permission; maximum value
- § 6-216 - Continuation of business and corporate entity
- § 6-217 - Emergency acquisition of in-state financial institution
Article 4 - Accounts
- § 6-231 - Deposit accounts
- § 6-232 - Powers of attorney; notice of revocation; payment after notice
- § 6-233 - Adverse claim to bank deposit; court order required; definitions
- § 6-234 - Deposit of minor; school saving plan
- § 6-235 - Bank deposits in two or more names; payment to survivor
- § 6-236 - Payment of deposits in trust
- § 6-237 - Payment of deposit to foreign personal representative
Article 5 - Regulation of Conduct of Business
- § 6-241 - Banking days; notice; closing
- § 6-242 - Preservation of bank records; regulations; disposal
- § 6-243 - Acquisition of property to satisfy or protect loans
- § 6-244 - Borrowing by bank; treatment as capital
- § 6-245 - Pledge of assets; rediscount; exception to requirement of security
- § 6-246 - Permitted investments; limitations
Article 6 - Reserves
- § 6-271 - Reserves against deposits; rule; limitations
- § 6-272 - Deposits exempt from reserve requirement
- § 6-273 - Form of reserves; limitations
- § 6-275 - Computation of reserves
Article 7 - Arizona Interstate Bank and Savings and Loan Association Act
- § 6-321 - Definitions
- § 6-322 - Interstate acquisitions; approval of deputy director; exception
- § 6-324 - De novo entry by certain financial institutions
- § 6-325 - Failure to act on application as approval
- § 6-326 - Denial of application; grounds
- § 6-327 - Applicable laws and rules; cooperative agreements; contracting exemption
- § 6-328 - Deposit concentration limits
- § 6-329 - Deposit production offices
- § 6-330 - Rights, powers and privileges of out-of-state banks
- § 6-331 - Enforcement
Article 9 - Loans
- § 6-351 - Definitions
- § 6-352 - Limitations of obligations to a bank; exceptions; definitions
- § 6-353 - Obligations of directors, officers and employees; reports
- § 6-354 - Loans on capital stock or capital obligations of a bank
- § 6-355 - Change loans
Article 11 - Trust Business
- § 6-381 - Authority of bank to engage in the trust business
- § 6-382 - Powers of bank as fiduciary
- § 6-383 - Identification and segregation of fiduciary assets
- § 6-384 - Deposit of fiduciary funds
- § 6-385 - Substitution of corporate fiduciary
- § 6-386 - Investment by fiduciaries; governmental obligations
Article 12 - Prohibited Practices; Penalties
- § 6-391 - Unauthorized conduct of banking business; false representation
- § 6-394 - Prohibited ownership or control of a financial institution and interest in insurer insuring deposits; assets and reserves of insurer
Article 13 - Liquidation and Dissolution
- § 6-395 - Possession by deputy director and receivership
- § 6-395.01 - Powers of deputy director in possession
- § 6-395.02 - Federal deposit insurance corporation as receiver
- § 6-395.03 - Federal deposit insurance corporation power pending judicial proceedings
- § 6-395.04 - Right of subrogation of federal deposit insurance corporation
- § 6-395.05 - Effect of receivership proceedings on liens and limitations
- § 6-395.06 - Rights, powers and duties of a receiver
- § 6-395.07 - Sale of bank assets; authority to borrow monies; injunction; hearing
- § 6-395.08 - Rejection of contracts and leases on liquidation
- § 6-395.09 - Notice to claimants on liquidation
- § 6-395.10 - Disposition of unclaimed property
- § 6-395.11 - Priority of claims; interest
- § 6-395.12 - Payment of claims and distribution to stockholders on liquidation
- § 6-395.13 - Voluntary liquidation and dissolution
- § 6-395.14 - Voidable transactions
- § 6-395.15 - Notice of taking; effect
Article 1 - General Provisions
- § 6-401 - Definitions
- § 6-402 - Scope of chapter; application to federal associations and federal savings banks
- § 6-403 - Prohibitions
- § 6-404 - General corporate powers
- § 6-405 - Power to borrow
- § 6-405.01 - Capital notes and debentures
- § 6-406 - Incidental powers
Article 2 - Formation and Licensing
- § 6-407 - Applicants and initial capital
- § 6-408 - Application for permit to organize
- § 6-409 - Findings and hearings
- § 6-410 - Deputy director's approval and issuance of permit to organize
- § 6-411 - Subscription to capital and temporary organization
- § 6-412 - Completion of organization
- § 6-413 - Contents of articles of incorporation
Article 3 - Membership and Management
- § 6-414 - Members
- § 6-415 - Members' meetings
- § 6-416 - Record date for voting, dividend and other purposes
- § 6-417 - Directors
- § 6-418 - Waiver of notice
- § 6-419 - Officers
- § 6-420 - Bonds of officers and employees
- § 6-421 - Access to books and records; communication with members
Article 4 - Capital
- § 6-422 - Types of capital; personal property
- § 6-423 - Accounts
- § 6-424 - Shares of guaranty capital; nature; consideration
- § 6-425 - Shares of guaranty capital; authorization of issuance; minimum amount
- § 6-426 - Shares of guaranty capital; rights of existing shareholders
- § 6-427 - Shares of guaranty capital; advertisement; sales; collection of subscription
- § 6-428 - Retirement or reduction of shares of guaranty capital
- § 6-429 - Issuance, delivery, and transfer of certificates and account books
- § 6-430 - Who may hold capital and membership
- § 6-432 - Effect of payment to minor or fiduciary
- § 6-433 - Payment on disability or death of holder in his own right of account
- § 6-434 - Shares and accounts of certain associations as legal investments; deposit of fiduciary monies
- § 6-435 - Voluntary withdrawal of accounts
- § 6-436 - Maturity of shares
- § 6-437 - Enforced retirement of accounts
- § 6-438 - Authorized charges applicable to members
- § 6-439 - Accounts subject to liens
- § 6-440 - Apportionment of profits
- § 6-442 - Dividends and interest
- § 6-443 - Bonus plans
- § 6-444 - Promotional activities prohibited; definitions
Article 5 - Investments and Powers
- § 6-446 - Other investments and powers
- § 6-449 - General loan contract provisions
- § 6-450 - Modification agreements
- § 6-451 - Servicing of loans
- § 6-452 - Purchase of real or personal property at forced sale
- § 6-453 - Purchase of real estate for office and rental purposes
- § 6-454 - Appraisal of real estate owned
- § 6-456 - Effect of unauthorized investments and loans; liability of officers
- § 6-457 - Appraisals
- § 6-458 - Acknowledgments
Article 6 - Voluntary Corporate Changes
- § 6-459 - Amendment of articles of incorporation
- § 6-460 - Procedure to amend articles of incorporation
- § 6-461 - Existing associations; adoption of articles and by-laws
- § 6-462 - Conversion from state to federal association
- § 6-463 - Conversion from federal to state association
- § 6-464 - Effect of conversion
- § 6-465 - Merger of associations or corporations
- § 6-466 - Effect of merger
Article 7 - Voluntary Liquidation
- § 6-467 - Authority to liquidate
- § 6-468 - Decision to liquidate; adoption of plan
- § 6-469 - Election of liquidators; report; supervision
- § 6-470 - Protection and liquidation of assets
- § 6-471 - Filing and payment of claims
- § 6-472 - Final distribution and dissolution
Article 8 - Supervision
- § 6-474 - Accounting practices and records
- § 6-475 - Branch office
- § 6-476 - Examination
- § 6-477 - Audit by public accountant
- § 6-478 - Reports to deputy director and members
- § 6-479 - Information to federal authorities
- § 6-482 - Receiver; appointment; transfer of assets; powers; liability
- § 6-483 - Procedure for liquidation; rights of share transferor
- § 6-484 - Illegal use of name; classification
Article 9 - Rehabilitation and Reorganization
- § 6-486 - Rehabilitation of associations; definition
- § 6-487 - Proposal of plan; petition; notice of hearing
- § 6-488 - Hearing; fairness of plan
- § 6-489 - Consents required for plan to operate; exceptions
- § 6-490 - Time of giving consents; jurisdiction of court
- § 6-491 - Effect of approval and consents
- § 6-492 - Appeals
- § 6-493 - Securities defined; power to issue under plan
- § 6-494 - Authority of fiduciaries
Article 10 - Miscellaneous Provisions
- § 6-495 - Reservation of powers to legislature
- § 6-496 - Applicability of other statutes
- § 6-497 - Effect on existing associations
Article 1 - General Provisions
- § 6-501 - Definitions
- § 6-502 - Reports and examinations
- § 6-503 - Accounting and records
- § 6-504 - Advertising
- § 6-505 - Declaration of purpose
Article 2 - Formation of Credit Union
- § 6-506 - Organization procedure
- § 6-507 - Certificate of approval; filing with corporation commission; certificate of incorporation
- § 6-508 - Certificate of organization and bylaws
- § 6-509 - Exclusive use of name; exception
- § 6-510 - Principal place of business; branch office; automated teller machines
- § 6-511 - Out-of-state credit union
- § 6-512 - Fiscal year
Article 3 - Powers of Credit Union Chapter 4 - CREDIT UNIONS
Article 4 - Membership
- § 6-521 - Membership
- § 6-522 - Organization members
- § 6-523 - Membership applications
- § 6-524 - Termination of membership
- § 6-525 - Meetings of members
- § 6-526 - Calling of special meetings
- § 6-527 - Liability of members
Article 5 - Direction of Affairs
- § 6-531 - Authority and responsibility of directors; voting
- § 6-532 - Election of board
- § 6-533 - Compensation of officials
- § 6-534 - Conflicts of interest
- § 6-535 - Officers
- § 6-536 - Executive committee
- § 6-537 - Certain duties of directors; insurance
- § 6-538 - Credit committee
- § 6-539 - Credit manager
- § 6-540 - Loan officers
- § 6-541 - Audits
- § 6-542 - Suspension and removal of officials
- § 6-543 - Action without meeting
Article 6 - Accounts
- § 6-551 - Share accounts
- § 6-552 - Dividends
- § 6-553 - Deposit accounts
- § 6-554 - Withdrawals
- § 6-555 - Minors' accounts
- § 6-556 - Multiple party accounts
- § 6-557 - Liens
- § 6-558 - Member account insurance
- § 6-559 - Savings promotion accounts
Article 7 - Loans
- § 6-561 - Purpose and conditions of loans; prepayment penalties
- § 6-562 - Interest rates and other charges
- § 6-563 - Other loan programs
- § 6-564 - Loans to officials
Article 8 - Other Member Services
- § 6-571 - Insurance for members
- § 6-572 - Group purchasing
- § 6-573 - Money type instruments
- § 6-574 - Retirement accounts
Article 9 - Investments Chapter 4 - CREDIT UNIONS
Article 10 - Reserves Chapter 4 - CREDIT UNIONS
Article 11 - Dissolutions
- § 6-584 - Voluntary dissolution
- § 6-585 - Involuntary dissolution
- § 6-586 - Distribution of assets of liquidating credit union
Article 12 - Change in Corporate Status Chapter 4 - CREDIT UNIONS
Article 13 - Corporate Credit Union
- § 6-591 - Organization
- § 6-592 - Purposes; membership
- § 6-593 - Powers of corporate credit union; federal parity
- § 6-594 - Participation in central system
- § 6-595 - Reserves
Article 1 - General Provisions
- § 6-601 - Definitions
- § 6-602 - Exemptions
- § 6-603 - License; contents of application; fees; nontransferability
- § 6-604 - Issuance of license; license year; renewal; expiration; requirements
- § 6-605 - Denial of renewal; suspension; revocation
- § 6-606 - Business limited to licensed locations; restrictions
- § 6-607 - Books; accounts; records; access
- § 6-608 - Annual report of licensee; civil penalty for failure to file
- § 6-609 - Reporting rates; change in rates; quarterly report of deputy director
- § 6-610 - Effect of revocation, suspension or surrender on preexisting contract; impairment of contracts
- § 6-611 - Prohibited acts
- § 6-612 - Rules
- § 6-613 - Restrictions; voidable loans
- § 6-614 - Noncompliance
- § 6-615 - Foreign loans; reciprocity
Article 2 - Requirements for Consumer Lender Loans
- § 6-631 - Disclosures; penalty
- § 6-632 - Finance charges
- § 6-633 - Computation of finance charges
- § 6-634 - Precomputation of consumer loan
- § 6-635 - Other allowable fees; annual reporting
- § 6-636 - Insurance securing loan; cancellation; notice
- § 6-637 - Term; payments
- § 6-638 - Other insurance
- § 6-639 - Loans from theft or fraud; consumer not responsible; correction of credit information
Article 1 - In General
- § 6-701 - Definitions
- § 6-702 - Exemptions
- § 6-703 - License required
- § 6-704 - Application for license; bonds; contract
- § 6-705 - Branch offices and agencies
- § 6-706 - Fees
- § 6-707 - Issuance of license; display; renewal
- § 6-708 - Denial; revocation or suspension of license
- § 6-709 - Requirements
- § 6-710 - Prohibitions
- § 6-714 - Advertising
- § 6-715 - Prohibitions
- § 6-716 - Fees collected
Article 1 - Administration Chapter 7 - ESCROW AGENTS
Article 2 - Licensing
- § 6-811 - Exemptions
- § 6-812 - Foreign corporations
- § 6-813 - License of agent; nontransferable; posting
- § 6-814 - Procedure for licensing; surety bond
- § 6-815 - Renewal of license
- § 6-816 - Fees
- § 6-817 - Refusal to license; suspension; revocation
Article 3 - Regulations
- § 6-831 - Records
- § 6-832 - Annual audit; report
- § 6-833 - Seizure of property of impaired escrow agent
- § 6-833.01 - Priority of distribution during receivership
- § 6-834 - Deposit of monies; definition
- § 6-835 - Limit of legal action
- § 6-836 - Commissions; other considerations prohibited
- § 6-837 - Duty of escrow agent to produce escrow records for inspection; violation; classification
- § 6-838 - Surrender of license
- § 6-839 - Continuing jurisdiction
- § 6-840 - Prohibitions; definitions
- § 6-841 - Internal control structure; definition
- § 6-841.01 - Fiduciary duty; notice of returned check
- § 6-841.02 - Liability of title insurer; closing protection letter; definition
- § 6-841.03 - Notice of uninsured monies; rules
- § 6-843 - Disbursements; applicability
Article 4 - Escrow Rates
- § 6-846 - Making of escrow rates
- § 6-846.01 - Filing of escrow rates
- § 6-846.02 - Justification for escrow rates
- § 6-846.03 - Disapproval of escrow filings
- § 6-846.04 - Deviations in escrow rates; civil penalty
Article 1 - General Provisions
- § 6-851 - Definitions
- § 6-852 - Exemptions and allowed activities
- § 6-853 - Certificate required; exceptions
- § 6-854 - Application for certificate
- § 6-854.01 - Articles of incorporation; approval; changes
- § 6-854.02 - Board of directors; number; bylaws
- § 6-855 - Fees
- § 6-856 - Minimum capital; dividends; other requirements
- § 6-857 - Issuance of certificate; hearing
- § 6-859 - Records; audits; preservation of records; protection; insurance; bond; contingency plan
- § 6-860 - Duty of trustee, escrow officer or agent to produce trust or escrow records for inspection; violation; classification
- § 6-861 - Reports
- § 6-862 - Trust funds
- § 6-863 - Suspension or revocation of certificate
- § 6-864 - Continuing jurisdiction
- § 6-865 - Unsafe condition; receivership
- § 6-866 - Limit of legal action
- § 6-867 - Trust company name
- § 6-868 - Fidelity bond; requirements
- § 6-869 - Meetings; reports; report of examination; response; penalties
- § 6-870 - Trust committee
- § 6-870.01 - Acceptance of other examinations; cooperative agreements
- § 6-870.02 - Prohibited acts
Article 2 - Uniform Common Trust Fund Act
- § 6-871 - Establishment of common trust funds
- § 6-872 - Court accountings
- § 6-873 - Uniformity of interpretation
- § 6-874 - Short title
Article 3 - Authorization to Accept Savings Accounts and Time Deposits Chapter 9 - MORTGAGE BROKERS, MORTGAGE BANKERS AND LOAN ORIGINATORS
Article 1 - Mortgage Brokers
- § 6-901 - Definitions
- § 6-902 - Exemptions
- § 6-902.01 - Exemption; responsible individual; fees; revocation; rules
- § 6-903 - Licensing of mortgage brokers required; qualifications; application; bond; fees; renewal
- § 6-904 - Issuance of license; renewal; inactive status; branch office license; application; fee
- § 6-905 - Denial, suspension or revocation of licenses
- § 6-906 - Required accounting practices and records; escrow of monies; disclosure
- § 6-907 - Required disclosure to investors
- § 6-908 - Testing committee; testing of applicants; approval by deputy director; definition
- § 6-909 - Prohibited acts
- § 6-910 - Noncompliance not to affect validity of loan
- § 6-911 - Active military duty; compensation
- § 6-912 - Certificate of exemption
- § 6-913 - Conversion to commercial mortgage broker license
Article 2 - Mortgage Bankers
- § 6-941 - Definitions
- § 6-942 - Exemptions
- § 6-943 - Licensing of mortgage bankers required; qualifications; application; bond; fees; renewal
- § 6-944 - Issuance of license; renewal; branch office license; application; fee
- § 6-945 - Denial, suspension or revocation of licenses
- § 6-946 - Required accounting practices and records; refundable deposits; periodic impoundment payments; disclosure
- § 6-947 - Prohibited acts
- § 6-948 - Noncompliance not to affect validity of loan
- § 6-949 - Conversion to mortgage broker license
Article 3 - Commercial Mortgage Bankers
- § 6-971 - Definitions
- § 6-972 - Exemptions
- § 6-973 - Licensing commercial mortgage bankers required; qualifications
- § 6-974 - Application for license; issuance or denial; fees
- § 6-975 - Bond or other security
- § 6-976 - Responsible individual; employees
- § 6-977 - Displaying and using license number
- § 6-978 - Consent of deputy director for transferring, assigning or acquiring control of licensee; definition
- § 6-979 - Principal place of business; branch office license; change of address
- § 6-980 - Annual renewal; expiration on failure to renew
- § 6-981 - Inactive status
- § 6-982 - Denial, suspension or revocation of licenses
- § 6-983 - Required accounting practices and records; escrow of monies; disclosure
- § 6-984 - Prohibited acts
- § 6-985 - Noncompliance not to affect validity of loan
Article 4 - Loan Originators
- § 6-991 - Definitions
- § 6-991.01 - Exemptions
- § 6-991.02 - Prohibited acts
- § 6-991.03 - Licensing; renewal; qualifications; application; fees
- § 6-991.04 - Issuance of license; notice from employing mortgage broker, mortgage banker or consumer lender or registered exempt person; renewal; inactive status; address change; fee
- § 6-991.05 - Denial, suspension or revocation of licenses
- § 6-991.07 - Examination; fee; definition
- § 6-991.08 - Reasonable efforts to secure advantageous loan for borrower
- § 6-991.09 - Mortgage recovery fund; liability limits
- § 6-991.10 - Payments to the mortgage recovery fund
- § 6-991.11 - Statute of limitations; service of summons; application for payment; insufficient monies; definition
- § 6-991.12 - Notice of claim to judgment debtor; response
- § 6-991.13 - Correction of deficiencies in the application
- § 6-991.14 - Investigation and discovery
- § 6-991.15 - Final decision and order on claim; notice
- § 6-991.16 - Claimant's right to appeal denial of claim; service of notice of appeal; response; failure to file response
- § 6-991.17 - Deputy director's standing in court
- § 6-991.18 - Subrogation of rights; collection
- § 6-991.19 - Waiver of rights
- § 6-991.20 - Effect of article on disciplinary action
- § 6-991.21 - Financial services fund; use of fund
- § 6-991.22 - Noncompliance not to affect validity of loan
Article 1 - General Provisions
- § 6-1001 - Definitions
- § 6-1002 - Legal relationship in use of safe deposit facilities
- § 6-1003 - Change of location of repositories
- § 6-1004 - Tenancy in two or more names
- § 6-1005 - Lease to a minor
- § 6-1006 - Adverse claims to repository; definitions
- § 6-1007 - Lessee's death or incompetency; revocation of power of attorney
- § 6-1008 - Procedure on death of lessee
- § 6-1009 - Lessor's lien; default of lessee; or failure to surrender
Article 1 - General Provisions
- § 6-1101 - Definitions
- § 6-1102 - Prohibitions
- § 6-1103 - Exempt persons and transactions
- § 6-1104 - Acquisition of control; approval by deputy director
- § 6-1105 - Application for approval
- § 6-1106 - Material change of fact; filing amended statements
- § 6-1107 - Denial of application; grounds
- § 6-1108 - Failure to act on application as approval
- § 6-1109 - Determination of control of one person by another; hearing; notice
- § 6-1110 - Appointment of deputy director as agent for service of process; forwarding of process; consent to jurisdiction
- § 6-1112 - Acquisition of voting securities in violation of article; limitation on rights as shareholder; injunction
- § 6-1113 - Reports; examination; costs
Article 1 - Money Transmission
- § 6-1201 - Definitions
- § 6-1202 - Exemptions
- § 6-1203 - Implementation; fees
- § 6-1204 - Examinations; investigations; records
- § 6-1205 - Multistate supervision
- § 6-1206 - Relationship to federal law
- § 6-1207 - Licensure; prohibition; applicability
- § 6-1208 - Consistent licensure
- § 6-1209 - Application for licensure
- § 6-1210 - Information requirements for certain individuals
- § 6-1211 - License issuance
- § 6-1212 - License renewal
- § 6-1213 - License maintenance
- § 6-1214 - Acquisition of control
- § 6-1215 - Notice and information requirements for a change of key individuals
- § 6-1216 - Report of condition
- § 6-1217 - Audited financial statements; certificate of opinion
- § 6-1218 - Authorized delegate reporting
- § 6-1219 - Reports
- § 6-1220 - Bank secrecy act reports
- § 6-1221 - Records
- § 6-1222 - Relationship between licensees and authorized delegates
- § 6-1223 - Unauthorized activities
- § 6-1224 - Timely transmission
- § 6-1225 - Refunds; exceptions
- § 6-1226 - Receipts; requirements; exceptions; definition
- § 6-1227 - Net worth requirements; exemption
- § 6-1228 - Surety bond
- § 6-1229 - Maintenance of permissible investments
- § 6-1230 - Types of permissible investments
- § 6-1231 - License suspension and revocation
- § 6-1232 - Authorized delegate suspension and revocation
- § 6-1233 - Cease and desist order
- § 6-1234 - Uniformity
Article 2 - Money Laundering
- § 6-1241 - Definitions
- § 6-1242 - Reports to the attorney general; investigation; violation; classification
- § 6-1243 - Investigations
Article 1 - General Provisions
- § 6-1301 - Definitions
- § 6-1302 - Scope of chapter; exemptions
- § 6-1303 - Application for registration
- § 6-1305 - Registration; renewal; reporting requirements
- § 6-1307 - Records
- § 6-1308 - Denial, revocation or suspension of registration
- § 6-1309 - Prohibited acts
- § 6-1310 - Noncompliance not to affect validity of loan
Article 1 - General Provisions
- § 6-1401 - Definitions
- § 6-1402 - Licensure required; contents of application; fees; nontransferable; branch office permit
- § 6-1403 - Exemptions
- § 6-1404 - Denial, suspension or revocation of licenses and branch office permits
- § 6-1405 - Issuance of license or branch office permit; license year; renewal; expiration; requirements
- § 6-1406 - Books and records of premium finance company; access to records
- § 6-1407 - Removal of place of business
- § 6-1408 - Annual report of licensee; civil penalty for failure to file
- § 6-1409 - Effect of revocation, suspension or surrender on preexisting contracts; impairment of contracts
- § 6-1410 - Form of premium finance agreement; notice
- § 6-1411 - Disclosure requirements
- § 6-1412 - Limitation on interest and other charges
- § 6-1413 - Other charges allowed
- § 6-1414 - Splitting of premium finance agreement prohibited
- § 6-1415 - Cancellation of insurance contract upon default
- § 6-1416 - Return premiums
- § 6-1417 - Servicing of premium finance agreements
- § 6-1418 - Exemption from any filing requirements
- § 6-1419 - Rules
Article 1 - General Provisions
- § 6-1501 - Method of taxing national banking associations
- § 6-1502 - Method of taxing banks, investment companies and savings and loan associations
Article 1 - General Provisions Chapter 17 - REVERSE MORTGAGES
Article 1 - General Provisions
- § 6-1701 - Definitions
- § 6-1702 - Financial counseling; counselor requirements
- § 6-1703 - Required disclosures; counseling
- § 6-1704 - Reverse mortgage; provisions
- § 6-1705 - Prepayment; repayment conditions
- § 6-1706 - Borrower liability; prohibited practices; investments; annuities
- § 6-1707 - Enforcement
- § 6-1708 - Lien priority and validity
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