AZ SB1150

Reduces application fee for banking permit from $5,000 to $1,000.

Reduces application fee for trust company license from $5,000 to $1,000.

Reduces application fee for conversion from national bank or federal savings and loan charter to state chartered institution from $5,000 to $1,000.

Reduces application fee for conversion from federal credit union to state chartered credit union from $1,000 to $1,500.

Reduces application fee for any other financial institutions not otherwise provided by law from $2,500 to $1,000.

Reduces application fee for commercial mortgage banker, mortgage banker, escrow agent or consumer lender license from $1,500 to $1,000.

Reduces application fee for mortgage broker, commercial mortgage broker, sales finance company or debt management company license from $800 to $500.