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AZ HB2210
Bill
Status
6/23/2022
Primary Sponsor
Kelli Butler
Click for details
AI Summary
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Requires enterprises, consumer lenders, and premium finance companies to comply with 10 U.S.C. § 987 and 32 C.F.R. Part 232 when extending consumer credit to military service members and their dependents.
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Establishes violations of military lending requirements as unlawful practices under Arizona law, allowing the Attorney General to investigate and enforce through existing consumer protection procedures.
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Mandates the Deputy Director of Financial Regulation examine enterprises, consumer lenders, and premium finance companies at least once every five years to ensure compliance with federal military lending protections.
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Applies compliance requirements to multiple lending categories including enterprises under Title 6, Chapter 1; licensees under Title 6, Chapter 5; premium finance companies under Title 6, Chapter 14; and creditors under Title 44, Chapter 32.
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Defines "consumer credit," "covered member," and "creditor" by reference to federal regulations at 32 C.F.R. § 232.3.
Legislative Description
Consumer credit; military; federal law
Military
Last Action
Introduced in House and read first time
6/23/2022