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AZ HB2061
Bill
Status
Passed
3/16/2018
Primary Sponsor
Thomas Shope
Click for details
AI Summary
- Removes requirement that superintendent examine consumer lenders at least once in every five-year period, making examinations discretionary instead.
- Eliminates requirement for superintendent to examine premium finance companies at least once in every three-year period.
- Renumbers subsequent provisions in the statute to account for removed examination requirements.
- Maintains examination requirements for banks, credit unions, savings and loan associations (at least once every 24 months), escrow agents, and financial institution holding companies.
- Retains superintendent's duties to publish consumer information brochures and encourage growth of state-chartered financial institutions.
Legislative Description
Financial institutions department; superintendent duties
Department Of Financial Institutions
Last Action
Chapter 8
3/16/2018
Full Bill Text
No bill text available