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AZ HB2569

Bill

Status

Introduced

2/11/2014

Primary Sponsor

Debbie McCune-Davis

Click for details

Origin

House of Representatives

Fifty-first Legislature - Second Regular Session (2014)

AI Summary

  • Amends Arizona law to require the superintendent of financial institutions to enforce federal military lending protections under 10 U.S.C. § 987 (John Warner National Defense Authorization Act) and 32 CFR Part 232, including examination of compliance.

  • Grants the superintendent authority to enter into agreements with the federal trade commission to access the military sentinel network for enforcement purposes related to military lending protections.

  • Makes violations of federal military lending protections in secondary motor vehicle finance transactions a violation of Arizona lending law, subject to enforcement and potential license suspension or revocation.

  • Adds grounds for suspension or revocation of motor vehicle finance licenses for violation of any statute, rule, order, or written condition of the superintendent regarding secondary motor vehicle finance transactions.

  • Allows the superintendent to suspend or revoke any other license issued by the department of financial institutions if a person's license has been suspended or revoked under licensing provisions.

Legislative Description

Auto title loans; military members

Last Action

Referred to House FI Committee

2/12/2014

Full Bill Text

No bill text available