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AZ SB1202
Bill
Status
2/16/2023
Primary Sponsor
Steve Kaiser
Click for details
AI Summary
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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.
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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).
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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).
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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).
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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