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AZ HB2258

Bill

Status

Introduced

2/16/2015

Primary Sponsor

Debbie McCune-Davis

Click for details

Origin

House of Representatives

Fifty-second Legislature - First Regular Session (2015)

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Full Bill Text

No bill text available