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AZ HB2272

Bill

Status

Introduced

1/25/2021

Primary Sponsor

Kelli Butler

Click for details

Origin

House of Representatives

Fifty-fifth Legislature - First Regular Session (2021)

AI Summary

  • Requires enterprises, consumer lenders, and premium finance companies to comply with 10 U.S.C. Section 987 and 32 C.F.R. Part 232 when extending consumer credit to military service members and their dependents.

  • Establishes examination requirements for enterprises, consumer lenders, and premium finance companies at least once every five years to ensure compliance with federal military lending laws.

  • Designates violations of military lending compliance requirements as unlawful practices under Arizona's consumer protection laws, allowing the Attorney General to investigate and take enforcement action.

  • Applies the same military lending compliance requirements to financial institutions, licensees, and premium finance companies across multiple sections of Arizona Revised Statutes.

  • Replaces references to "superintendent" with "deputy director" in the division's examination and enforcement authorities.

Legislative Description

Consumer credit; military; federal law

Military

Last Action

House read second time

1/26/2021

Committee Referrals

Rules1/26/2021
Commerce1/25/2021

Full Bill Text

No bill text available