Loading chat...

AZ HB2210

Bill

Status

Introduced

6/23/2022

Primary Sponsor

Kelli Butler

Click for details

Origin

House of Representatives

Fifty-fifth Legislature - Second Regular Session (2022)

AI Summary

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

Full Bill Text

No bill text available