AZ SB1236

Increases the loan amount threshold for consumer loans from $10,000 to $50,000 across all relevant definitions and exemptions in Arizona's consumer lender statutes.

Raises the maximum consumer loan rate for loans of $10,000 or less from 36 percent, and for loans between $10,000 and $50,000 from 24 percent.

Increases the credit limit thresholds for consumer revolving loans and home equity revolving loans from $10,000 to $50,000, with corresponding rate adjustments for tiered lending rates.

Updates the tiered rate structure so that the 36 percent rate applies to the first $10,000 of principal and the 24 percent rate applies to amounts between $10,000 and $50,000.

Maintains existing provisions regarding prepaid finance charges ("points"), variable rate restrictions, and rate adjustment limitations for revolving loans.