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AZ SB1202

Bill

Status

Engrossed

2/16/2023

Primary Sponsor

Steve Kaiser

Click for details

Origin

Senate

Fifty-sixth Legislature - First Regular Session (2023)

AI Summary

  • Extends license renewal deadlines from June 15 to June 30 for consumer lenders (section 6-604, 6-706, 6-707) and implements automatic expiration on July 31 if renewal is not received, with a $25 daily late fee after June 30.

  • Changes collection agency license renewal deadline from January 1 to December 31, with automatic suspension by operation of law and expiration on January 31 if not renewed (section 32-1025).

  • Modifies premium finance company license renewal deadline to December 31 with automatic expiration on January 31, a $25 daily late fee, and inability to operate after December 31 without renewal (section 6-1405).

  • Updates appraiser license renewal application window from 30 days before expiration to 90 days before expiration, allowing late renewal within 90 days of expiration with an additional delinquent fee (section 32-3619).

  • Allows the nationwide mortgage licensing system to collect licensing fees and processing fees directly from applicants and to maintain records on behalf of the deputy director (section 6-123).

Legislative Description

Banking; fees; licensing

Fees (h)

Last Action

House WM Committee action: Failed To Pass, voting: (5-5-0-0-0-0)

3/29/2023

Committee Referrals

Rules2/27/2023
Ways and Means2/27/2023
Regulatory Affairs2/16/2023
Rules1/26/2023
Finance1/26/2023

Full Bill Text

No bill text available