FAQ’s From Customers. Faq’s From Customers

FAQ’s From Customers. Faq’s From Customers

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, Articles 1, 2 and 3 & Chapter36, Articles 1-5, Title 44, Chapter 2.1, Article 1, and also the Arizona Administrative Code Title 20 chapter 4. You are able to contact a customer Affairs Division Examiner to answer concerns associated with these statutes by calling 602-771-2800 option no. 5 or by email at: email protected.

Listed here are faqs that AZDFI has received from customers. The questions have been in alphabetical purchase by permit kind. To view a total directory of economic 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 concerning these statutes, the Appraisal can be contacted by you Division by calling 602-771-2800 choice #1. You may register an issue utilizing the Appraisal Division. To view a list that is complete of license kinds, click right right here then press the fall down of “directories”.

Please be aware: These faqs are for the 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 hyper Links and all about this site might be from another national federal government agency and you will click to a hyperlink that makes the AZDFI site and goes into that agency’s internet site which will be produced, 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 is definitely an advance cost loan broker?

A: An Advance Fee Loan Broker is an individual, whom for an advance charge or perhaps in the expectation of a advance cost, either straight or indirectly, makes, procures, provides, or tries to make or procure financing of extension or money of credit. Advance Fee Loan Brokers are managed by AZDFI under A.R.S. §§ 6-1301 – 1310. The statutes concerning Advance Fee Loan Brokers try not to connect with particular persons that are exempted including banking institutions, savings banking institutions, trust businesses, cost savings and loan associations, credit unions, insurance firms, customer loan providers or revenue sharing and pension trusts. For a whole directory of individuals which can be excluded through the concept of “Advance Fee Loan Broker, ” please make reference to A.R.S. §§6-1302(B).

Banking Institutions

Q: Does AZDFI regulate all banking institutions business that is doing their state of Arizona?

A: No, AZDFI just regulates Arizona state chartered banking institutions.

Q: What may be the distinction between a situation and a bank that is national?

A: The main distinction is whether the license to accomplish company as being a bank had been given by the local government or perhaps the authorities cashland. Every time a brand new bank company is started, the owners use for either a situation or nationwide (federal) bank charter. Both forms of banking institutions offer FDIC insured deposits and both are controlled in much the manner that is same. The essential huge difference for bank clients as well as other customers is when they ought to go after regulatory support. Because Arizona state-chartered banking institutions will be the only banking institutions monitored by the AZDFI, issues and complaints gotten about nationwide banking institutions or banking institutions chartered various other states needs to be forwarded into the regulator that is appropriate. A summary of state and federal agencies that govern banking institutions situated in Arizona yet not chartered as 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 work in hawaii of Arizona? In that case, that is their regulator?

A: Yes. The regulator is situated in the 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 through of the Dodd-Frank Wall Street Reform and customer Protection Act, that has been finalized into legislation on July 21, 2010. For a listing of out-of- state, state chartered banking institutions working in Arizona and much more home elevators banks, please relate to the Other Regulator Referral List.

Q: how do i get my cash changed from U.S. Bucks to another country’s currency?

A: Phone your bank that is local and them about forex. You may be charged costs for trading your money. A reference for home elevators the present change prices can be seen in the Treasury Department’s prices of Exchange. The bureau regarding the Fiscal Service associated with usa Department for the Treasury, provides present and exchange rate information that is historical.

Q: how do i see whether 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 check into these problems. Utilizing Bank discover, you are able to figure out if your bank is insured, whom the regulator that is primary, where you could get when you yourself have a issue, or just exactly exactly what the annals 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 the event the 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 tool – Is My Account Fully Insured? Which you can use the very first working day following the bank closing. Simply pick your bank and enter your account quantity getting the outcome. You can expect to get information that is additional on the status of the reports.

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 consists of comprehensive economic and demographic information for each and every FDIC-insured organization, such as the newest quarterly economic statements, with performance and condition ratios. Call Reports, which consist of reports from 2001 to the current for specific banking institutions and cost cost savings associations are readily available for viewing and downloading. Taxonomies for bank Call Reports may also be available.