Faqs From Customers
Below are faqs that DIFI has gotten from customers. The concerns come in alphabetical purchase by permit kind. To notice a list that is complete of institution and enterprise permit kinds that DIFI regulates, click Licensee Lookup .
At the time of 2015, DIFI also regulates Appraisal Management Companies, Appraisers and Property Tax Agents in accordance with Arizona Revised Statutes Title 32, Chapter 36 july. You can even register an issue because of the Appraisal Division . To see a list that is complete of license kinds, simply simply click here then press the fall down of “directories”.
please be aware: These faqs are for the general information. DIFI just isn’t 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 home elevators these pages can be from another national federal government agency and you might click to a web link that departs the DIFI web site and comes into that agency’s internet site that is developed, 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 cost loan broker?
A: An Advance Fee Loan Broker is someone, whom for an advance charge or within the expectation of an advance charge, either directly or indirectly, makes, procures, provides, or tries to make or procure that loan of cash or expansion of credit. Advance Fee Loan Brokers are managed by DIFI under A.R.S. §§ 6-1301 – 1310 . The statutes concerning Advance Fee Loan Brokers usually do not affect specific exempted persons, including banking institutions, cost savings banking institutions, trust organizations, savings and loan associations, credit unions, insurance vendors, customer loan providers or revenue sharing and retirement trusts. For a whole range of individuals being excluded through the definition of “Advance Fee Loan Broker,” please make reference to A.R.S. §§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 could be the difference between circumstances and a bank that is national?
A: The main disimilarity is whether or not the license to complete company as a bank ended up being issued because of the local government or perhaps the government. Every time a new bank company is started, the owners use for either a situation or nationwide (federal) bank charter. Both forms of banking institutions provide FDIC insured deposits and both are managed in much the exact same way. The difference that is important bank clients along with other customers is when they need to opt for regulatory support. Because Arizona state-chartered banking institutions would be the only banking institutions supervised by the DIFI , issues and complaints gotten about nationwide banking institutions or banking institutions chartered in other states needs to be forwarded into the appropriate regulator. A summary of state and federal agencies that govern banking institutions situated in Arizona although not chartered being an Arizona state-chartered bank is within the Arizona_Trade_Association_Contact_List and Other Regulator Referral List .
Q: Can a bank chartered in another state work when you look at hawaii of Arizona? If that’s the case, that is their regulator 
?
A: Yes. The regulator is found in the continuing declare that problems the banking permit. You will see more out-of-state, state banks that are regulated Arizona because of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, that was finalized 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 info on banking institutions, please relate to the Other Regulator Referral List .