There is a newer version of the Arizona Revised Statutes
2010 Arizona Revised Statutes
Title 6 - Banks and Financial Institutions
Chapter 1 | STATE BANKING DEPARTMENT |
Article 1 | Definitions |
6-101 | Definitions |
Article 2 | State Banking Department |
6-110 | Department of financial institutions |
6-111 | Superintendent; appointment; term; qualifications; salary |
6-112 | Deputy superintendent; 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 |
Article 3 | Powers and Duties |
6-121 | Examination; supervision |
6-122 | Superintendent; authority; duties; exemption |
6-123 | Superintendent; 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 |
6-130 | 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 superintendent 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 superintendent |
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 superintendent 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 |
Chapter 2 | BANK ORGANIZATION AND REGULATION |
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 |
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 superintendent; 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 superintendent and receivership |
6-395.01 | Powers of superintendent 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 |
Chapter 3 | SAVINGS AND LOAN ASSOCIATIONS |
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 | Superintendent'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 |
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 as to liquidation; 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 superintendent 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 of plan |
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 |
Chapter 4 | CREDIT UNIONS |
Article 1 | General Provisions |
6-501 | Definitions |
6-502 | Reports and examinations |
6-503 | Accounting and records |
6-504 | Advertising |
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 |
6-516 | General powers |
6-517 | Federal parity |
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 |
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 |
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 |
6-576 | Investment authority |
6-577 | Authorized investments |
Article 10 | Reserves |
6-581 | Transfers to regular reserve |
6-582 | Use of regular reserve |
6-583 | Special reserves |
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 |
6-587 | Merger or consolidation of credit unions |
6-588 | Conversion of credit union |
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 |
Chapter 5 | CONSUMER LENDERS |
Article 1 | General Provisions |
6-601 | Definitions |
6-602 | Exemptions |
6-603 | License; contents of application; fees; nontransferable |
6-604 | Issuance of license; license year; 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 superintendent |
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 |
6-636 | Insurance securing loan; cancellation; notice |
6-637 | Term; payments |
6-638 | Other insurance |
Chapter 6 | DEBT MANAGEMENT COMPANIES |
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; cancellation on termination |
6-708 | Denial; revocation or suspension of license |
6-709 | Requirements |
6-710 | Prohibitions |
6-714 | Advertising |
6-715 | Prohibitions |
6-716 | Fees collected |
Chapter 7 | ESCROW AGENTS |
Article 1 | Administration |
6-801 | Definitions |
6-802 | Acknowledgment of report of examination; penalty |
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 5 | Escrow Recovery Fund |
6-847 | Definitions |
6-847.01 | Arizona escrow recovery fund |
6-847.02 | Payments to the fund |
6-847.03 | Investment of monies |
6-847.04 | Obligations of the fund |
6-847.05 | Limitation on claims |
Chapter 8 | TRUST COMPANIES |
Article 1 | General Provisions |
6-851 | Definitions |
6-852 | Exemptions and permitted 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 |
6-881 | Definitions |
6-882 | Savings accounts and time deposits; insurance; withdrawal; notice |
Chapter 9 | MORTGAGE BROKERS, MORTGAGE BANKERS AND LOAN ORIGINATORS |
Article 1 | Mortgage Brokers |
6-901 | Definitions |
6-902 | Exemptions |
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 superintendent; definition |
6-909 | Prohibited acts |
6-910 | Noncompliance not to affect validity of loan |
6-911 | Active military duty; compensation |
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 superintendent 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; renewal; inactive status; address change; fee |
6-991.05 | Denial, suspension or revocation of licenses |
6-991.06 | Loan originator examination committee; membership |
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 | Superintendent'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 |
Chapter 10 | SAFE DEPOSIT AND SAFEKEEPING |
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 |
Chapter 11 | FINANCIAL INSTITUTION HOLDING COMPANIES |
Article 1 | General Provisions |
6-1101 | Definitions |
6-1102 | Prohibitions |
6-1103 | Exempt persons and transactions |
6-1104 | Acquisition of control; approval by superintendent |
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 superintendent 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 |
Chapter 12 | TRANSMITTERS OF MONEY |
Article 1 | Licenses and Regulation |
6-1201 | Definitions |
6-1202 | License required |
6-1203 | Exemptions |
6-1204 | Application for license; fees |
6-1205 | Bond required; conditions; notice; cancellation; substitution |
6-1205.01 | Net worth requirements |
6-1206 | Issuance of license; renewal |
6-1207 | Principal and branch offices; notices |
6-1208 | Authorized delegates of licensee; reports |
6-1209 | Cease and desist orders; examinations |
6-1210 | Suspension or revocation of licenses |
6-1211 | Reports |
6-1212 | Permissible investments |
6-1213 | Records |
6-1214 | Liability of licensees |
6-1215 | Notice of source of instrument; transaction records |
6-1216 | Acquisition of control |
6-1217 | Appointment of superintendent as agent for service of process; forwarding of process; consent to jurisdiction |
6-1218 | Prohibited transactions |
Article 2 | Money Laundering |
6-1241 | Reports to the attorney general; investigation; violation; classification |
6-1242 | Investigations |
Chapter 12.1 | DEFERRED PRESENTMENT COMPANIES |
Article 1 | General Provisions |
6-1251 | Definitions |
6-1252 | Exemptions |
6-1253 | Application for license; financial statement |
6-1254 | Qualifications of applicants |
6-1255 | Issuance of licenses |
6-1256 | Annual renewal of license |
6-1257 | Duties of licensees |
6-1258 | Denial, revocation or suspension of license |
6-1259 | Prohibited acts |
6-1260 | Deferred presentment; amount; fees; loans to members of military service |
6-1261 | Books, accounts and records; examinations; costs |
6-1262 | Violation; classification; individual liability |
6-1263 | Program termination |
Chapter 13 | ADVANCE FEE LOAN BROKERS |
Article 1 | General Provisions |
6-1301 | Definitions |
6-1302 | Scope of chapter; exemptions |
6-1303 | Application for registration |
6-1304 | Fees |
6-1305 | Registration; reporting requirements |
6-1306 | Register of advance fee loan brokers |
6-1307 | Records |
6-1308 | Denial, revocation or suspension of registration |
6-1309 | Prohibited acts |
6-1310 | Noncompliance not to affect validity of loan |
Chapter 14 | PREMIUM FINANCE COMPANIES |
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; 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 |
Chapter 15 | TAXES ON FINANCIAL INSTITUTIONS |
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 |
Chapter 16 | FINANCIAL INSTITUTIONS DATA MATCH AND DATA EXCHANGE |
Article 1 | General Provisions |
6-1601 | Financial institutions data match and data exchange; surrender of assets of delinquent taxpayer; nonliability |
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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