FAQ’s From Customers

FAQ’s From Customers

Faq’s From Customers

Listed here are faqs that DIFI has gotten from customers. The concerns come in alphabetical purchase by permit kind. To visit 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. It is possible to file a problem with all the Appraisal Division . To see a total selection of appraisal license kinds, simply simply click here then press the drop down of “directories”.

take note: These faqs are for the basic information. DIFI isn’t authorized to provide or provide legal services. You may want to consider contacting a private attorney if you need help with a personal legal matter.

hyper hyper Links and all about these pages could be from another national federal government agency and you’ll click to a web link that simply leaves the DIFI web site and goes into that agency’s site that 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 an advance cost loan broker?

A: An Advance Fee Loan Broker is an individual, whom for an advance cost or perhaps in the expectation of a advance cost, either straight 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 associated with Advance Fee Loan Brokers don’t affect particular persons that are exempted including banking institutions, cost savings banking institutions, trust businesses, cost savings and loan associations, credit unions, insurance firms, customer loan providers or revenue sharing and retirement trusts. For a total listing of individuals which can be excluded through the concept of “Advance Fee Loan Broker,” please make reference to A.R.S. §§6-1302(B) .


Q: Does DIFI manage all banking institutions working in their state of Arizona?

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

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

A: The main disimilarity is whether or not the license doing company being a bank ended up being issued by the state or the government that is federal. Each time a brand new bank company is started, the owners use for either a situation or nationwide (federal) bank charter. Both kinds of banking institutions provide FDIC insured deposits and both are managed in much the manner that is same. The difference that is important bank clients as well as other customers is when they need to try using regulatory support. Because Arizona state-chartered banking institutions will be the only banking institutions monitored by the DIFI , issues and complaints gotten about nationwide banking institutions or banking institutions chartered in other states needs to be forwarded to your regulator that is appropriate. A summary of state and federal agencies that govern banking institutions situated 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 continuing state work when you look at their state of Arizona? If therefore, who’s their regulator?

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A: Yes. The regulator is found in the continuing declare that issues the banking license. You will see more out-of-state, state banks that are regulated Arizona as a result of the passage of the Dodd-Frank Wall Street Reform and customer Protection Act, that has been signed 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 home elevators banking institutions, please reference the Other Regulator Referral List .

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