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AZ HB2258
Bill
Status
2/16/2015
Primary Sponsor
Debbie McCune-Davis
Click for details
AI Summary
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Amends Arizona financial institution laws to add superintendent authority to enforce federal military lending protections under 10 U.S.C. § 987 and 32 CFR Part 232.
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Requires the superintendent of financial institutions to allow access to the Federal Trade Commission's Military Sentinel Network to assist in enforcement of military lending protections.
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Makes violations of the John Warner National Defense Authorization Act's military lending protections a violation of Arizona's secondary motor vehicle finance transaction laws.
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Authorizes the superintendent to suspend or revoke any other department license held by a person whose license has been suspended or revoked for violations related to secondary motor vehicle finance transactions.
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Modifies provisions governing secondary motor vehicle finance transactions (title loans) to incorporate federal military lending compliance requirements.
Legislative Description
Auto title loans; military members
Last Action
Referred to House MAPS Committee
2/17/2015