FAQ’s From Customers. Faq’s From Customers
The Arizona Department of Financial Institutions “ AZDFI ” supervises and regulates institutions that are financial enterprises relative 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, plus the Arizona Administrative Code Title 20 chapter 4. A Consumer can be contacted by you Affairs Division Examiner to respond to concerns concerning these statutes by calling 602-771-2800 choice # 5 or by email at: email protected.
Here are faq’s that AZDFI has gotten from consumers. The concerns come in alphabetical purchase by permit kind. To experience a list that is complete of institution and enterprise permit kinds that AZDFI regulates, click on Licensee Lookup.
At the time of serious hyperlink July 2015, AZDFI additionally regulates Appraisal Management organizations, Appraisers and Property Tax Agents according to Arizona Revised Statutes Title 32, Chapter 36. For concerns associated with these statutes, you can easily contact the Appraisal Division by calling 602-771-2800 choice # 1. You may want to register an issue with all the Appraisal Division. To visit a complete selection of appraisal license kinds, simply simply click right here then press the fall down of « directories ».
Please be aware: These questions that are frequently asked for the basic information. AZDFI just isn’t authorized to offer or offer legal counsel. You may want to consider contacting a private attorney if you need help with a personal legal matter.
Hyper hyper Links and home elevators these pages might be from another federal federal government agency and you’ll click to a web link that will leave the AZDFI web site and comes into that agency’s 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 can be an advance cost loan broker?
A: An Advance Fee Loan Broker is someone, whom for the advance cost or in the expectation of a advance cost, either straight or indirectly, makes, procures, provides, or tries to make or procure financing of money or expansion of credit. Advance Fee Loan Brokers are managed by AZDFI under A.R.S. §§ 6-1301 – 1310. The statutes concerning Advance Fee Loan Brokers usually do not connect with particular exempted persons, including banks, savings banking institutions, trust companies, cost cost cost savings and loan associations, credit unions, insurance providers, customer loan providers or revenue sharing and retirement trusts. For an entire directory of people which can be excluded through the concept of “Advance Fee Loan Broker, ” please refer to A.R.S. §§6-1302(B).
Q: Does AZDFI regulate all banking institutions conducting business in their state of Arizona?
A: No, AZDFI only regulates Arizona state chartered banking institutions.
Q: What may be the distinction between a situation and a nationwide bank?
A: The main distinction is whether the license to complete company as being a bank had been provided by the local government or the authorities. Each 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 where they ought to go after regulatory support. Because Arizona state-chartered banks will be the only banking institutions monitored by the AZDFI, concerns and complaints gotten about nationwide banking institutions or banking institutions chartered various other states needs to be forwarded to your regulator that is appropriate. A summary of state and federal agencies that govern banking institutions positioned in Arizona although not chartered as an Arizona state-chartered bank is contained in the Arizona_Trade_Association_Contact_List and Other Regulator Referral List.
Q: Can a bank chartered in another state conduct business in the State of Arizona? If that’s the case, that is their regulator?
A: Yes. The regulator is found in the continuing suggest that problems the banking license. You will see 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 has been finalized into legislation on July 21, 2010. For a listing of out-of- state, state chartered banking institutions business that is doing Arizona and more info on banking institutions, please make reference to the Other Regulator Referral List.
Q: how do i get my money changed from U.S. Bucks to another national country’s currency?
A: Phone your bank that is local and them about foreign exchange. You may be charged charges for trading your currency. A resource for informative data on the present change prices can be bought in the Treasury Department’s prices of Exchange. The bureau associated with Fiscal Service associated with the united states of america Department for the Treasury, provides present and historical trade price information.
Q: how to figure out if my bank is insured and my deposits are covered?
A: The Federal Deposit Insurance Corporation (FDIC) has two tools you should use to check up on these problems. Utilizing Bank discover, you can easily figure out if your bank is insured, whom the main regulator is, where you could get when you have a grievance, or just exactly just what the real history of the bank was. Then you’re able to make use of FDIC’s on the web calculator – EDIE the Estimator – to find out in case your 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 device – Is My Account completely Insured? That can be used the very first working day following the bank closing. Just pick your bank and enter your bank account quantity to have the outcome. You certainly will receive information that is additional on the status of the records.
Q: just how can the regulator is found by me, reports and information about specific banks?
A: The Federal Deposit Insurance Corporation (FDIC) provides step-by-step information about an institution-level foundation inside their organization Directory. This consists of comprehensive economic and demographic data for virtually any institution that is FDIC-insured such as the newest quarterly economic statements, with performance and condition ratios. Call Reports, which consist of reports from 2001 for this for individual banking institutions and cost cost savings associations are readily available for viewing and downloading. Taxonomies for bank Call Reports can also be found.