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Arizona Revised Statutes

The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 2nd Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 57th Legislature, 1st Regular Session, which convenes in January 2025.

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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.

Title 6 - Banks and Financial Institutions

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Chapter 1
FINANCIAL INSTITUTIONS DIVISION
Sec: 6-101-6-165
Article 1Definitions
Article 2Financial Institutions Division
  • 6-110
  • Financial institutions division; deputy director
  • 6-112
  • Assistant director; examiners; personnel
  • 6-113
  • Acts prohibited; officers; employees
  • 6-114
  • Balloon payments prohibited; applicability; exemptions
  • 6-115
  • Insurance premium transmitters; timely payment required; civil penalty
  • 6-116
  • Sale of securities; disclosure
  • 6-117
  • Assumed business name; trade name; notification; definition
Article 3Powers and Duties
  • 6-121
  • Examination; supervision
  • 6-122
  • Deputy director; authority; duties
  • 6-123
  • Deputy director; powers
  • 6-124
  • Investigations; compelling testimony and the production of documents; self-incrimination
  • 6-125
  • Annual examination assessment of financial institutions and enterprises; costs of foreign examination; payment
  • 6-126
  • Application fees for financial institutions and enterprises
  • 6-127
  • Disposition of revenue
  • 6-128
  • Joint examinations; acceptance of federal regulatory and other authorized examinations
  • 6-129
  • Records; disclosure and limitations on disclosure; evidentiary effect
  • 6-129.01
  • Enterprise documents open to public inspection
  • 6-129.02
  • Records destruction; personal information
  • 6-130
  • Limitation of personal liability
  • 6-131
  • Right to sue and defend in actions; liability limitation; award of fees and other expenses
  • 6-131.01
  • Appointment of deputy director as receiver; award of property, fees and costs
  • 6-132
  • Violation of title; civil penalty
  • 6-133
  • Violations; classification
  • 6-134
  • False statements as to financial condition; classification
  • 6-135
  • Department revolving fund; use of fund
  • 6-135.01
  • Department receivership revolving fund; use of fund
  • 6-136
  • Violation of order or injunction; penalty
  • 6-137
  • Cease and desist orders; injunctions; public inspection
Article 4Acquisition of Control of a Bank, Trust Company or Savings and Loan Association
  • 6-143
  • Exempt persons and transactions
  • 6-144
  • Acquisition of control; approval of deputy director
  • 6-145
  • Application for approval
  • 6-146
  • Material change of fact; filing amended statements
  • 6-147
  • Denial of application; grounds
  • 6-148
  • Failure to act on application as approval
  • 6-149
  • Determination of control of one person by another; hearing; notice
  • 6-150
  • Appointment of deputy director as agent for service of process; forwarding of process; consent to jurisdiction
  • 6-153
  • Acquisition of voting securities in violation of article; limitation on rights as shareholder; injunction
Article 5Proceedings for Officer Removal
  • 6-161
  • Suspension, removal or prohibition; hearing; notice
  • 6-162
  • Temporary prohibition; injunction
  • 6-164
  • Attorney fees and expenses
  • 6-165
  • Enforcement of order
Chapter 2
BANK ORGANIZATION AND REGULATION
Sec: 6-181-6-395.15
Article 1General Provisions
  • 6-181
  • Declaration of purposes
  • 6-183
  • Rights, powers and privileges of national banks
  • 6-184
  • General corporate and banking powers; incidental powers; deposit insurance; federal reserve and home loan bank membership; agency relationship
  • 6-185
  • Board of directors' meetings; review; report of failure of quorum to meet
  • 6-186
  • Annual audit and report
  • 6-187
  • Authority to declare dividends; limitation
  • 6-188
  • Bonds and insurance; coverage
  • 6-189
  • Capital obligations; approval; convertibility
  • 6-190
  • Bank offices; standards and term of approval; closing; automated teller machines
  • 6-191
  • Foreign banking offices; additional powers; separate accounts; additional offices; definition
  • 6-192
  • Investments in international and foreign banking and financing corporations; limitation; consent; exceptions
  • 6-193
  • Bank and holding company subsidiaries; powers
Article 2Banking Permit
  • 6-201
  • Authority to engage in banking business; exception
  • 6-203
  • Application for banking permit; organizational application; final application
  • 6-204
  • Issuance of banking permit; trust business; conditional approval; hearing; banker's bank; definitions
  • 6-205
  • Term of permit; surrender; revocation
Article 3Merger, Consolidation and Conversion of National and State Banks
  • 6-212
  • Resulting national bank
  • 6-215
  • Retention of nonconforming assets; permission; maximum value
  • 6-216
  • Continuation of business and corporate entity
  • 6-217
  • Emergency acquisition of in-state financial institution
Article 4Accounts
  • 6-232
  • Powers of attorney; notice of revocation; payment after notice
  • 6-233
  • Adverse claim to bank deposit; court order required; definitions
  • 6-234
  • Deposit of minor; school saving plan
  • 6-235
  • Bank deposits in two or more names; payment to survivor
  • 6-236
  • Payment of deposits in trust
  • 6-237
  • Payment of deposit to foreign personal representative
Article 5Regulation of Conduct of Business
  • 6-241
  • Banking days; notice; closing
  • 6-242
  • Preservation of bank records; regulations; disposal
  • 6-243
  • Acquisition of property to satisfy or protect loans
  • 6-244
  • Borrowing by bank; treatment as capital
  • 6-245
  • Pledge of assets; rediscount; exception to requirement of security
  • 6-246
  • Permitted investments; limitations
Article 6Reserves
  • 6-271
  • Reserves against deposits; rule; limitations
  • 6-272
  • Deposits exempt from reserve requirement
  • 6-273
  • Form of reserves; limitations
  • 6-275
  • Computation of reserves
Article 7Arizona Interstate Bank and Savings and Loan Association Act
  • 6-322
  • Interstate acquisitions; approval of deputy director; exception
  • 6-324
  • De novo entry by certain financial institutions
  • 6-325
  • Failure to act on application as approval
  • 6-326
  • Denial of application; grounds
  • 6-327
  • Applicable laws and rules; cooperative agreements; contracting exemption
  • 6-328
  • Deposit concentration limits
  • 6-329
  • Deposit production offices
  • 6-330
  • Rights, powers and privileges of out-of-state banks
Article 9Loans
  • 6-352
  • Limitations of obligations to a bank; exceptions; definitions
  • 6-353
  • Obligations of directors, officers and employees; reports
  • 6-354
  • Loans on capital stock or capital obligations of a bank
Article 11Trust Business
  • 6-381
  • Authority of bank to engage in the trust business
  • 6-382
  • Powers of bank as fiduciary
  • 6-383
  • Identification and segregation of fiduciary assets
  • 6-384
  • Deposit of fiduciary funds
  • 6-385
  • Substitution of corporate fiduciary
  • 6-386
  • Investment by fiduciaries; governmental obligations
Article 12Prohibited Practices; Penalties
  • 6-391
  • Unauthorized conduct of banking business; false representation
  • 6-394
  • Prohibited ownership or control of a financial institution and interest in insurer insuring deposits; assets and reserves of insurer
Article 13Liquidation and Dissolution
  • 6-395
  • Possession by deputy director and receivership
  • 6-395.01
  • Powers of deputy director in possession
  • 6-395.02
  • Federal deposit insurance corporation as receiver
  • 6-395.03
  • Federal deposit insurance corporation power pending judicial proceedings
  • 6-395.04
  • Right of subrogation of federal deposit insurance corporation
  • 6-395.05
  • Effect of receivership proceedings on liens and limitations
  • 6-395.06
  • Rights, powers and duties of a receiver
  • 6-395.07
  • Sale of bank assets; authority to borrow monies; injunction; hearing
  • 6-395.08
  • Rejection of contracts and leases on liquidation
  • 6-395.09
  • Notice to claimants on liquidation
  • 6-395.10
  • Disposition of unclaimed property
  • 6-395.12
  • Payment of claims and distribution to stockholders on liquidation
  • 6-395.13
  • Voluntary liquidation and dissolution
Chapter 3
SAVINGS AND LOAN ASSOCIATIONS
Sec: 6-401-6-497
Article 1General Provisions
  • 6-402
  • Scope of chapter; application to federal associations and federal savings banks
  • 6-404
  • General corporate powers
Article 2Formation and Licensing
  • 6-407
  • Applicants and initial capital
  • 6-408
  • Application for permit to organize
  • 6-409
  • Findings and hearings
  • 6-410
  • Deputy director's approval and issuance of permit to organize
  • 6-411
  • Subscription to capital and temporary organization
  • 6-412
  • Completion of organization
  • 6-413
  • Contents of articles of incorporation
Article 3Membership and Management
  • 6-416
  • Record date for voting, dividend and other purposes
  • 6-420
  • Bonds of officers and employees
  • 6-421
  • Access to books and records; communication with members
Article 4Capital
  • 6-422
  • Types of capital; personal property
  • 6-424
  • Shares of guaranty capital; nature; consideration
  • 6-425
  • Shares of guaranty capital; authorization of issuance; minimum amount
  • 6-426
  • Shares of guaranty capital; rights of existing shareholders
  • 6-427
  • Shares of guaranty capital; advertisement; sales; collection of subscription
  • 6-428
  • Retirement or reduction of shares of guaranty capital
  • 6-429
  • Issuance, delivery, and transfer of certificates and account books
  • 6-430
  • Who may hold capital and membership
  • 6-432
  • Effect of payment to minor or fiduciary
  • 6-433
  • Payment on disability or death of holder in his own right of account
  • 6-434
  • Shares and accounts of certain associations as legal investments; deposit of fiduciary monies
  • 6-435
  • Voluntary withdrawal of accounts
  • 6-437
  • Enforced retirement of accounts
  • 6-438
  • Authorized charges applicable to members
  • 6-439
  • Accounts subject to liens
  • 6-440
  • Apportionment of profits
  • 6-442
  • Dividends and interest
  • 6-444
  • Promotional activities prohibited; definitions
Article 5Investments and Powers
  • 6-446
  • Other investments and powers
  • 6-449
  • General loan contract provisions
  • 6-450
  • Modification agreements
  • 6-452
  • Purchase of real or personal property at forced sale
  • 6-453
  • Purchase of real estate for office and rental purposes
  • 6-454
  • Appraisal of real estate owned
  • 6-456
  • Effect of unauthorized investments and loans; liability of officers
Article 6Voluntary Corporate Changes
  • 6-459
  • Amendment of articles of incorporation
  • 6-460
  • Procedure to amend articles of incorporation
  • 6-461
  • Existing associations; adoption of articles and by-laws
  • 6-462
  • Conversion from state to federal association
  • 6-463
  • Conversion from federal to state association
  • 6-464
  • Effect of conversion
  • 6-465
  • Merger of associations or corporations
Article 7Voluntary Liquidation
  • 6-467
  • Authority to liquidate
  • 6-468
  • Decision to liquidate; adoption of plan
  • 6-469
  • Election of liquidators; report; supervision
  • 6-470
  • Protection and liquidation of assets
  • 6-471
  • Filing and payment of claims
  • 6-472
  • Final distribution and dissolution
Article 8Supervision
  • 6-474
  • Accounting practices and records
  • 6-477
  • Audit by public accountant
  • 6-478
  • Reports to deputy director and members
  • 6-479
  • Information to federal authorities
  • 6-482
  • Receiver; appointment; transfer of assets; powers; liability
  • 6-483
  • Procedure for liquidation; rights of share transferor
  • 6-484
  • Illegal use of name; classification
Article 9Rehabilitation and Reorganization
  • 6-486
  • Rehabilitation of associations; definition
  • 6-487
  • Proposal of plan; petition; notice of hearing
  • 6-488
  • Hearing; fairness of plan
  • 6-489
  • Consents required for plan to operate; exceptions
  • 6-490
  • Time of giving consents; jurisdiction of court
  • 6-491
  • Effect of approval and consents
  • 6-493
  • Securities defined; power to issue under plan
  • 6-494
  • Authority of fiduciaries
Article 10Miscellaneous Provisions
  • 6-495
  • Reservation of powers to legislature
  • 6-496
  • Applicability of other statutes
  • 6-497
  • Effect on existing associations
Chapter 4
CREDIT UNIONS
Sec: 6-501-6-595
Article 1General Provisions
  • 6-502
  • Reports and examinations
  • 6-503
  • Accounting and records
  • 6-505
  • Declaration of purpose
Article 2Formation of Credit Union
  • 6-506
  • Organization procedure
  • 6-507
  • Certificate of approval; filing with corporation commission; certificate of incorporation
  • 6-508
  • Certificate of organization and bylaws
  • 6-509
  • Exclusive use of name; exception
  • 6-510
  • Principal place of business; branch office
  • 6-511
  • Out-of-state credit union
Article 3Powers of Credit Union
Article 4Membership
  • 6-522
  • Organization members
  • 6-523
  • Membership applications
  • 6-524
  • Termination of membership
  • 6-525
  • Meetings of members
  • 6-526
  • Calling of special meetings
  • 6-527
  • Liability of members
Article 5Direction of Affairs
  • 6-531
  • Authority and responsibility of directors; voting
  • 6-533
  • Compensation of officials
  • 6-534
  • Conflicts of interest
  • 6-536
  • Executive committee
  • 6-537
  • Certain duties of directors; insurance
  • 6-542
  • Suspension and removal of officials
  • 6-543
  • Action without meeting
Article 6Accounts
  • 6-556
  • Multiple party accounts
  • 6-558
  • Member account insurance
  • 6-559
  • Savings promotion accounts
Article 7Loans
  • 6-561
  • Purpose and conditions of loans; prepayment penalties
  • 6-562
  • Interest rates and other charges
  • 6-563
  • Other loan programs
Article 8Other Member Services
  • 6-571
  • Insurance for members
  • 6-573
  • Money type instruments
  • 6-574
  • Retirement accounts
Article 9Investments
  • 6-576
  • Investment authority
  • 6-577
  • Authorized investments
Article 10Reserves
  • 6-581
  • Transfers to regular reserve
  • 6-582
  • Use of regular reserve
Article 11Dissolutions
  • 6-584
  • Voluntary dissolution
  • 6-585
  • Involuntary dissolution
  • 6-586
  • Distribution of assets of liquidating credit union
Article 12Change in Corporate Status
  • 6-587
  • Merger or consolidation of credit unions
  • 6-588
  • Conversion of credit union
Article 13Corporate Credit Union
  • 6-592
  • Purposes; membership
  • 6-593
  • Powers of corporate credit union; federal parity
  • 6-594
  • Participation in central system
Chapter 5
CONSUMER LENDERS
Sec: 6-601-6-639
Article 1General Provisions
  • 6-603
  • License; contents of application; fees; nontransferability
  • 6-604
  • Issuance of license; license year; renewal; expiration; requirements
  • 6-605
  • Denial of renewal; suspension; revocation
  • 6-606
  • Business limited to licensed locations; restrictions
  • 6-607
  • Books; accounts; records; access
  • 6-608
  • Annual report of licensee; civil penalty for failure to file
  • 6-609
  • Reporting rates; change in rates; quarterly report of deputy director
  • 6-610
  • Effect of revocation, suspension or surrender on preexisting contract; impairment of contracts
  • 6-613
  • Restrictions; voidable loans
  • 6-615
  • Foreign loans; reciprocity
Article 2Requirements for Consumer Lender Loans
  • 6-631
  • Disclosures; penalty
  • 6-633
  • Computation of finance charges
  • 6-634
  • Precomputation of consumer loan
  • 6-635
  • Other allowable fees; annual reporting
  • 6-636
  • Insurance securing loan; cancellation; notice
  • 6-639
  • Loans from theft or fraud; consumer not responsible; correction of credit information
Chapter 6
DEBT MANAGEMENT COMPANIES
Sec: 6-701-6-716
Article 1In General
  • 6-704
  • Application for license; bonds; contract
  • 6-705
  • Branch offices and agencies
  • 6-707
  • Issuance of license; display; renewal
  • 6-708
  • Denial; revocation or suspension of license
Chapter 7
ESCROW AGENTS
Sec: 6-801-6-846.04
Article 1Administration
  • 6-802
  • Acknowledgment of report of examination; penalty
Article 2Licensing
  • 6-812
  • Foreign corporations
  • 6-813
  • License of agent; nontransferable; posting
  • 6-814
  • Procedure for licensing; surety bond
  • 6-817
  • Refusal to license; suspension; revocation
Article 3Regulations
  • 6-832
  • Annual audit; report
  • 6-833
  • Seizure of property of impaired escrow agent
  • 6-833.01
  • Priority of distribution during receivership
  • 6-834
  • Deposit of monies; definitions
  • 6-835
  • Limit of legal action
  • 6-836
  • Commissions; other considerations prohibited
  • 6-837
  • Duty of escrow agent to produce escrow records for inspection; violation; classification
  • 6-838
  • Surrender of license
  • 6-839
  • Continuing jurisdiction
  • 6-840
  • Prohibitions; definitions
  • 6-841
  • Internal control structure; definition
  • 6-841.01
  • Fiduciary duty; notice of returned check
  • 6-841.02
  • Liability of title insurer; closing protection letter; definition
  • 6-841.03
  • Notice of uninsured monies; rules
  • 6-843
  • Disbursements; applicability
Article 4Escrow Rates
  • 6-846
  • Making of escrow rates
  • 6-846.04
  • Deviations in escrow rates; civil penalty
Chapter 8
TRUST COMPANIES
Sec: 6-851-6-882
Article 1General Provisions
  • 6-852
  • Exemptions and allowed activities
  • 6-853
  • Certificate required; exceptions
  • 6-854
  • Application for certificate
  • 6-854.01
  • Articles of incorporation; approval; changes
  • 6-854.02
  • Board of directors; number; bylaws
  • 6-856
  • Minimum capital; dividends; other requirements
  • 6-857
  • Issuance of certificate; hearing
  • 6-859
  • Records; audits; preservation of records; protection; insurance; bond; contingency plan
  • 6-860
  • Duty of trustee, escrow officer or agent to produce trust or escrow records for inspection; violation; classification
  • 6-863
  • Suspension or revocation of certificate
  • 6-864
  • Continuing jurisdiction
  • 6-865
  • Unsafe condition; receivership
  • 6-866
  • Limit of legal action
  • 6-868
  • Fidelity bond; requirements
  • 6-869
  • Meetings; reports; report of examination; response; penalties
  • 6-870.01
  • Acceptance of other examinations; cooperative agreements
Article 2Uniform Common Trust Fund Act
  • 6-871
  • Establishment of common trust funds
  • 6-873
  • Uniformity of interpretation
Article 3Authorization to Accept Savings Accounts and Time Deposits
  • 6-882
  • Savings accounts and time deposits; insurance; withdrawal; notice
Chapter 9
MORTGAGE BROKERS, MORTGAGE BANKERS AND LOAN ORIGINATORS
Sec: 6-901-6-991.22
Article 1Mortgage Brokers
  • 6-902.01
  • Exemption; responsible individual; fees; revocation; rules
  • 6-903
  • Licensing of mortgage brokers required; qualifications; application; bond; fees; renewal
  • 6-904
  • Issuance of license; renewal; inactive status; branch office license; application; fee
  • 6-905
  • Denial, suspension or revocation of licenses
  • 6-906
  • Required accounting practices and records; escrow of monies; disclosure
  • 6-907
  • Required disclosure to investors
  • 6-908
  • Testing committee; testing of applicants; approval by deputy director; definition
  • 6-910
  • Noncompliance not to affect validity of loan
  • 6-911
  • Active military duty; compensation
  • 6-912
  • Certificate of exemption
  • 6-913
  • Conversion to commercial mortgage broker license
Article 2Mortgage Bankers
  • 6-943
  • Licensing of mortgage bankers required; qualifications; application; bond; fees; renewal
  • 6-944
  • Issuance of license; renewal; branch office license; application; fee
  • 6-945
  • Denial, suspension or revocation of licenses
  • 6-946
  • Required accounting practices and records; refundable deposits; periodic impoundment payments; disclosure
  • 6-948
  • Noncompliance not to affect validity of loan
  • 6-949
  • Conversion to mortgage broker license
Article 3Commercial Mortgage Bankers
  • 6-973
  • Licensing commercial mortgage bankers required; qualifications
  • 6-974
  • Application for license; issuance or denial; fees
  • 6-975
  • Bond or other security
  • 6-976
  • Responsible individual; employees
  • 6-977
  • Displaying and using license number
  • 6-978
  • Consent of deputy director for transferring, assigning or acquiring control of licensee; definition
  • 6-979
  • Principal place of business; branch office license; change of address
  • 6-980
  • Annual renewal; expiration on failure to renew
  • 6-982
  • Denial, suspension or revocation of licenses
  • 6-983
  • Required accounting practices and records; escrow of monies; disclosure
  • 6-985
  • Noncompliance not to affect validity of loan
Article 4Loan Originators
  • 6-991.03
  • Licensing; renewal; qualifications; application; fees
  • 6-991.04
  • Issuance of license; notice from employing mortgage broker, mortgage banker or consumer lender or registered exempt person; renewal; inactive status; address change; fee
  • 6-991.05
  • Denial, suspension or revocation of licenses
  • 6-991.08
  • Reasonable efforts to secure advantageous loan for borrower
  • 6-991.09
  • Mortgage recovery fund; liability limits
  • 6-991.10
  • Payments to the mortgage recovery fund
  • 6-991.11
  • Statute of limitations; service of summons; application for payment; insufficient monies; definition
  • 6-991.12
  • Notice of claim to judgment debtor; response
  • 6-991.13
  • Correction of deficiencies in the application
  • 6-991.15
  • Final decision and order on claim; notice
  • 6-991.16
  • Claimant's right to appeal denial of claim; service of notice of appeal; response; failure to file response
  • 6-991.17
  • Deputy director's standing in court
  • 6-991.18
  • Subrogation of rights; collection
  • 6-991.20
  • Effect of article on disciplinary action
  • 6-991.21
  • Financial services fund; use of fund
  • 6-991.22
  • Noncompliance not to affect validity of loan
Chapter 10
SAFE DEPOSIT AND SAFEKEEPING
Sec: 6-1001-6-1009
Article 1General Provisions
  • 6-1002
  • Legal relationship in use of safe deposit facilities
  • 6-1003
  • Change of location of repositories
  • 6-1004
  • Tenancy in two or more names
  • 6-1006
  • Adverse claims to repository; definitions
  • 6-1007
  • Lessee's death or incompetency; revocation of power of attorney
  • 6-1008
  • Procedure on death of lessee
  • 6-1009
  • Lessor's lien; default of lessee; or failure to surrender
Chapter 11
FINANCIAL INSTITUTION HOLDING COMPANIES
Sec: 6-1101-6-1113
Article 1General Provisions
  • 6-1103
  • Exempt persons and transactions
  • 6-1104
  • Acquisition of control; approval by deputy director
  • 6-1105
  • Application for approval
  • 6-1106
  • Material change of fact; filing amended statements
  • 6-1107
  • Denial of application; grounds
  • 6-1108
  • Failure to act on application as approval
  • 6-1109
  • Determination of control of one person by another; hearing; notice
  • 6-1110
  • Appointment of deputy director as agent for service of process; forwarding of process; consent to jurisdiction
  • 6-1112
  • Acquisition of voting securities in violation of article; limitation on rights as shareholder; injunction
  • 6-1113
  • Reports; examination; costs
Chapter 12
TRANSMITTERS OF MONEY
Sec: 6-1201-6-1243
Article 1Money Transmission
  • 6-1204
  • Examinations; investigations; records
  • 6-1205
  • Multistate supervision
  • 6-1206
  • Relationship to federal law
  • 6-1207
  • Licensure; prohibition; applicability
  • 6-1209
  • Application for licensure
  • 6-1210
  • Information requirements for certain individuals
  • 6-1214
  • Acquisition of control
  • 6-1215
  • Notice and information requirements for a change of key individuals
  • 6-1217
  • Audited financial statements; certificate of opinion
  • 6-1218
  • Authorized delegate reporting
  • 6-1220
  • Bank secrecy act reports
  • 6-1222
  • Relationship between licensees and authorized delegates
  • 6-1223
  • Unauthorized activities
  • 6-1226
  • Receipts; requirements; exceptions; definition
  • 6-1227
  • Net worth requirements; exemption
  • 6-1229
  • Maintenance of permissible investments
  • 6-1230
  • Types of permissible investments
  • 6-1231
  • License suspension and revocation
  • 6-1232
  • Authorized delegate suspension and revocation
  • 6-1233
  • Cease and desist order
  • 6-1235
  • Money transmission; transmission of money by wire or electronic transfer; consumer fraud warnings; requirements; applicability
Article 2Money Laundering
  • 6-1242
  • Reports to the attorney general; investigation; violation; classification
Chapter 13
ADVANCE FEE LOAN BROKERS
Sec: 6-1301-6-1310
Article 1General Provisions
  • 6-1302
  • Scope of chapter; exemptions
  • 6-1303
  • Application for registration
  • 6-1305
  • Registration; renewal; reporting requirements
  • 6-1308
  • Denial, revocation or suspension of registration
  • 6-1310
  • Noncompliance not to affect validity of loan
Chapter 14
PREMIUM FINANCE COMPANIES
Sec: 6-1401-6-1419
Article 1General Provisions
  • 6-1402
  • Licensure required; contents of application; fees; nontransferable; branch office permit
  • 6-1404
  • Denial, suspension or revocation of licenses and branch office permits
  • 6-1405
  • Issuance of license or branch office permit; license year; renewal; expiration; requirements
  • 6-1406
  • Books and records of premium finance company; access to records
  • 6-1407
  • Removal of place of business
  • 6-1408
  • Annual report of licensee; civil penalty for failure to file
  • 6-1409
  • Effect of revocation, suspension or surrender on preexisting contracts; impairment of contracts
  • 6-1410
  • Form of premium finance agreement; notice
  • 6-1411
  • Disclosure requirements
  • 6-1412
  • Limitation on interest and other charges
  • 6-1414
  • Splitting of premium finance agreement prohibited
  • 6-1415
  • Cancellation of insurance contract upon default
  • 6-1417
  • Servicing of premium finance agreements
  • 6-1418
  • Exemption from any filing requirements
Chapter 15
TAXES ON FINANCIAL INSTITUTIONS
Sec: 6-1501-6-1502
Article 1General Provisions
  • 6-1501
  • Method of taxing national banking associations
  • 6-1502
  • Method of taxing banks, investment companies and savings and loan associations
Chapter 16
FINANCIAL INSTITUTIONS DATA MATCH AND DATA EXCHANGE
Sec: 6-1601
Article 1General Provisions
  • 6-1601
  • Financial institutions data match and data exchange; surrender of assets of delinquent taxpayer; nonliability
Chapter 17
REVERSE MORTGAGES
Sec: 6-1701-6-1708
Article 1General Provisions
  • 6-1702
  • Financial counseling; counselor requirements
  • 6-1703
  • Required disclosures; counseling
  • 6-1704
  • Reverse mortgage; provisions
  • 6-1705
  • Prepayment; repayment conditions
  • 6-1706
  • Borrower liability; prohibited practices; investments; annuities
  • 6-1708
  • Lien priority and validity