reglab/housing_qa huggingface dataset:
AZ Rev Stat § 6-606 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-606 - Business limited to licensed locations; restrictions

6-606.  Business limited to licensed locations;  restrictions A. Except as provided in subsection B of this section,  no licensee may conduct the business of making consumer lender loans pursuant to this chapter under any name or at any place of business in this state other than the name and place stated in the licensee's consumer lender license or branch office license. B. Subsection A of this section does not prohibit a licensee from: 1. Making consumer lender loans by mail or electronic means. 2. On request,  making accommodations to consumers at any location requested by the consumer. 3. Conducting any administrative,  loan servicing or record keeping activity at any other location not open to the public,  if the deputy director is notified in advance of that activity. 4. Closing a consumer lender loan secured by real property at an office of a financial institution,  title company,  licensed escrow agent,  licensed mortgage broker or licensed mortgage banker. 5. Giving a consumer an advance on a consumer revolving loan or home equity revolving loan from any location. C. On approval by the deputy director,  the licensee may conduct any of the activities listed in subsection B of this section outside of this state. D. A licensee may change the location of its licensed office or licensed branch office by giving written notice to the deputy director,  who shall amend the license accordingly. E. All consumer lender loans that are made at the location of a licensed office or branch office are subject to the requirements of article 2 of this chapter,  whether made by a licensee,  any person otherwise exempt from this chapter pursuant to section 6-602 or any other person. F. No licensee may conduct the business of making consumer lender loans pursuant to this chapter from within any licensed office or branch office in which any other business not licensed pursuant to this title is solicited or engaged in,  or in association or conjunction with any other business not licensed pursuant to this title,  without giving prior notice to the deputy director. If it appears to the deputy director that the other business is of such a nature or is being conducted in such a manner as to conceal an evasion of this chapter or is contrary to the public interest or otherwise being conducted in an unlawful manner,  the deputy director may act pursuant to section 6-137 to restrict the licensee from conducting its business in conjunction with that other business. For the purposes of this subsection,  " public interest"  means the laws of this state or of the United States or rules adopted by the deputy director.
AZ Rev Stat § 6-607 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-607 - Books; accounts; records; access

6-607.  Books;  accounts;  records;  access A. A licensee shall maintain books,  accounts and records that enable the deputy director to determine whether the licensee is in compliance with this chapter. B. A licensee shall preserve its books,  accounts and records of consumer lender loans for at least two years after making the final entry for any consumer lender loan. A licensee that uses an electronic record keeping system is not required to keep a written copy of the accounts and records if the licensee is able to generate all of the information required by this section in a timely manner for examination or other purposes. C. Every licensee shall observe generally accepted accounting principles and practices. D. A licensee shall make any books,  accounts and records that are kept outside of this state available to the deputy director in this state not more than three business days after demand is made by the deputy director,  or the deputy director may choose to perform the examination or investigation at the office of the licensee located outside this state. E. For the purposes of this chapter,  the deputy director or the deputy director's duly authorized representatives shall have access during normal business hours to the offices and places of business,  files,  safes and vaults of all licensees regarding that business or the subject matter of any examination,  investigation or hearing.
AZ Rev Stat § 6-608 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-608 - Annual report of licensee; civil penalty for failure to file

6-608.  Annual report of licensee;  civil penalty for failure to file A. On or before October 1 of each year,  the licensee shall file a report under oath and in the form prescribed by the deputy director concerning the business and operations during the twelve-month period ending the preceding June 30. On good cause shown by a licensee,  the deputy director may extend the time for filing the report for a period of not more than sixty days. B. If a licensee fails to file the annual report,  the deputy director or any person designated by the deputy director may examine the books,  accounts and records of the licensee,  prepare the annual report and charge the licensee an examination fee as prescribed in section 6-125. C. If a licensee fails to file the annual report within the specified time,  the deputy director may assess a civil penalty for the failure to file the annual report unless an extension of time is granted by the deputy director in writing before the due date of the annual report. The deputy director shall not assess a penalty of more than $5 per day. The licensee shall pay the penalty to the deputy director within thirty days of the assessment.
AZ Rev Stat § 6-609 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-609 - Reporting rates; change in rates; quarterly report of deputy director

6-609.  Reporting rates;  change in rates;  quarterly report of deputy director A. At the time of making its annual report to the deputy director,  each licensee shall report the licensee's standard annual percentage rate or range of annual percentage rates in effect at that time on the following types of loans: 1. A $500 unsecured consumer loan,  payable in twelve equal monthly installments. 2. A $2, 500 consumer loan secured by a motor vehicle,  payable in thirty-six equal monthly installments. 3. A $9, 000 consumer loan secured in full by real property,  payable in one hundred twenty equal monthly installments. 4. A consumer revolving loan with an agreed on credit limit of $3, 000. 5. A home equity revolving loan with an agreed on credit limit of $15, 000. B. The amount of each of the consumer loans described in subsection A of this section refers to the amount financed as computed in accordance with the truth in lending act. The licensee shall also report the range of the percentage amount of any prepaid finance charges charged in connection with a home equity revolving loan described in subsection A,  paragraph 5 of this section. C. Within thirty days after effectuating a change in the standard rate of charge for any of the types of loans described in subsection A of this section,  the licensee shall report that change to the deputy director. D. On at least a quarterly basis the deputy director shall compile a report of the standard annual percentage rate or range of annual percentage rates of each licensee for the types of loans described in subsection A of this section. The deputy director shall disseminate this report in a manner deemed appropriate by the deputy director,  and the deputy director shall make the report available to the public for inspection and copying.
AZ Rev Stat § 6-610 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-610 - Effect of revocation, suspension or surrender on preexisting contract; impairment of contracts

6-610.  Effect of revocation,  suspension or surrender on preexisting contract;  impairment of contracts A. The revocation,  suspension or surrender of a consumer lender license does not impair or affect: 1. The obligation of any preexisting consumer lender loan between the consumer lender and any consumer. 2. The ability or right of the consumer lender to service existing consumer lender loans from outside this state. B. If this chapter or any part of this chapter is modified,  amended or repealed,  resulting in a cancellation or alteration of any consumer lender license or right of a licensee under this chapter,  that cancellation or alteration does not impair or affect the obligation of any preexisting contract between a consumer lender and any consumer.
AZ Rev Stat § 6-611 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-611 - Prohibited acts

6-611.  Prohibited acts A licensee shall not knowingly advertise,  display,  distribute,  broadcast or televise,  or cause or permit to be advertised,  displayed,  distributed,  broadcast or televised,  in any manner,  any false,  misleading or deceptive statement or representation with regard to the rates,  terms or conditions for a consumer lender loan. To the extent applicable,  all advertising shall comply with the advertising requirements of the truth in lending act.
AZ Rev Stat § 6-612 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-612 - Rules

6-612.  Rules The deputy director may adopt rules that are necessary to regulate the proper conduct of a licensee.
AZ Rev Stat § 6-613 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-613 - Restrictions; voidable loans

6-613.  Restrictions;  voidable loans A. Except as the result of an accidental or bona fide error,  if the licensee charges,  contracts for or receives any amount in excess of the finance charges and other fees permitted by this chapter the following restrictions apply: 1. If the original principal amount of a consumer loan is five thousand dollars or less,  that consumer loan is voidable and the licensee has no right to collect or receive any principal,  finance charges or other fees in connection with that consumer loan. 2. If the original principal amount of a consumer loan is more than five thousand dollars,  the licensee has no right to collect or receive any finance charges in connection with that consumer loan. 3. If the aggregate amount of advances borrowed on a consumer revolving loan or home equity revolving loan is five thousand dollars or less,  that consumer revolving loan or home equity revolving loan is voidable and the licensee has no right to collect or receive any principal,  finance charges or other fees in connection with that consumer revolving loan or home equity revolving loan. 4. If the aggregate amount of advances borrowed on a consumer revolving loan or home equity revolving loan is more than five thousand dollars,  the licensee has no right to collect or receive any finance charges in connection with that consumer revolving loan or home equity revolving loan. B. Any consumer lender loan that is made by a person who is required to be licensed pursuant to this chapter but who is not licensed is void,  and the person making that consumer lender loan has no right to collect,  receive or retain any principal,  finance charges or other fees in connection with that consumer lender loan.
AZ Rev Stat § 6-614 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-614 - Noncompliance

6-614.  Noncompliance Except as provided in section 6-613,  a failure to comply with this chapter does not affect the validity or enforceability of any consumer lender loan or any security interest or lien on personal or real property.
AZ Rev Stat § 6-615 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-615 - Foreign loans; reciprocity

6-615.  Foreign loans;  reciprocity If a consumer lender loan subject to this chapter is made at a location outside this state to a consumer who is a resident of this state at the time that the consumer lender loan is made and the annual percentage rate of finance charges and other fees charged,  contracted for or received are greater than permitted by this chapter,  that consumer lender loan is enforceable in this state only to the extent of the finance charges and other fees permitted by this chapter. This section does not apply to consumer lender loans that are solicited in this state from outside this state and that are subject to this chapter.
AZ Rev Stat § 6-631 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-631 - Disclosures; penalty

6-631.  Disclosures;  penalty A. To the extent applicable,  a licensee shall comply with the disclosure requirements of the truth in lending act.  B. Each note or agreement evidencing a consumer lender loan shall contain the following disclosure statement in at least ten-point type that is in English and in Spanish and in close proximity to the consumer's signature line:  Notice: You may request that the initial disclosures prescribed in the truth in lending act (15 United States Code sections 1601 through 1666j) be provided in Spanish before signing any loan documents. C. A licensee shall continuously and conspicuously display a sign printed in at least twelve-point bold type containing the notice prescribed by subsection B of this section and the following notice at each desk in each licensed office or branch office at which consumer lender loans are usually and normally closed: Notice Before signing any loan documents or otherwise committing to a loan,  you may take copies of those documents away from the consumer lender's place of business for review. D. A licensee shall give to the consumer a receipt or another written record of the amount of any payment made in currency on any consumer lender loan,  either at the time the payment is made or within ten days after the payment is made,  or the licensee may reflect the payment on the periodic statement sent to the consumer for the billing period that includes the date of that payment. E. A licensee shall mail periodic statements for consumer revolving loans and home equity revolving loans to the consumer within fourteen days after the end of each monthly billing cycle period. A billing cycle period is considered monthly if the closing date of the billing cycle period is the same day each month or does not vary by more than four days from that day.  F. If the licensee fails to make the disclosure statement prescribed in subsection B of this section,  the deputy director shall assess the licensee a one-time penalty of up to $300 for every violation.
AZ Rev Stat § 6-633 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-633 - Computation of finance charges

6-633.  Computation of finance charges A. A licensee shall compute and measure finance charges on consumer loans on unpaid balances outstanding from time to time. A licensee may also precompute finance charges on consumer loans on scheduled unpaid principal balances as provided in section 6-634. For the purposes of computing finance charges on consumer loans that are not precomputed,  a licensee may calculate the finance charges on an annual basis of twelve months of thirty days each month or on a daily basis if a day is counted either as 1/360th,  1/365th or 1/366th of a year,  as the licensee and consumer may agree in writing. B. A licensee shall compute periodic finance charges on consumer revolving loans or home equity revolving loans on the unpaid balance of the consumer revolving loan or home equity revolving loan by either of the following methods: 1. By multiplying the daily periodic rate by the actual unpaid balance of the consumer revolving loan or home equity revolving loan each day during the billing cycle period. The daily periodic rate shall be determined by dividing the annual percentage rate by three hundred sixty-five. 2. By multiplying the monthly periodic rate by the average daily balance of the consumer revolving loan or home equity revolving loan during the billing cycle. The average daily balance is the sum of the unpaid balances of the consumer revolving loan or home equity revolving loan each day during the billing cycle period divided by the number of days in the billing cycle period. The monthly periodic rate is determined by dividing the annual percentage rate by twelve. The unpaid balance on any day is determined by adding to any balance unpaid as of the beginning of that day all advances and allowed additional fees and deducting all payments and other credits to the consumer revolving loan or home equity revolving loan that day. C. A licensee may compute finance charges only on the unpaid principal balance,  allowed additional fees and prepaid finance charges. A licensee shall not compound finance charges. Precomputation of the finance charges on a consumer loan does not constitute compounding of finance charges. D. If part or all of the principal of a consumer loan is the unpaid principal balance of a prior precomputed consumer loan,  the principal amount payable under such consumer loan may include any unpaid finance charges on the prior loan that have accrued within sixty days before the making of that consumer loan.
AZ Rev Stat § 6-638 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-638 - Other insurance

6-638.  Other insurance A. A licensee who is licensed to sell life insurance pursuant to title 20 may sell and include in the principal amount of a consumer lender loan the cost of the premium for life insurance that is not for credit if all of the following apply: 1. The insurance policy or certificate is approved by the director. 2. The purchase of the insurance is not a condition of the consumer lender loan.  3. The consumer signs an application for the insurance that is separate from the consumer lender loan application. 4. The licensee does not offer or discuss with the consumer the option of life insurance until after the consumer lender loan application is completed and the consumer lender loan is approved. B. A licensee who is licensed to sell disability insurance pursuant to title 20 may sell and include in the principal amount of the consumer lender loan the cost of the premium for accidental death and dismemberment insurance or disability income protection insurance,  or both,  if all of the following apply: 1. The insurance policy or certificate is approved by the director. 2. The purchase of the insurance is not a condition of the consumer lender loan. 3. The consumer signs an application for the insurance that is separate from the consumer lender loan application. 4. The licensee does not offer or discuss with the consumer the option of accidental death and dismemberment insurance or disability income protection insurance until after the consumer lender loan application is completed and the consumer lender loan is approved. C. Any insurance purchased by the consumer pursuant to this section is optional and the licensee shall disclose in writing to the consumer that the insurance is optional. D. The consumer may cancel the insurance for any reason at any time within thirty days after the date of purchase and the consumer shall receive a full refund of the premium within five days after the date of cancellation. If the consumer cancels the insurance after thirty days from the date of purchase,  the consumer shall receive a refund of the unearned premium in accordance with the insurance policy. In the event the consumer cancels the insurance,  the licensee shall give the consumer the amount of any refund of premium or shall credit the consumer's lender loan at the option of the consumer. For the purposes of this subsection,  the date of cancellation is defined as the date the licensee receives the receipt for the notice of cancellation for the insurance policy. E. If the consumer decides to cancel the policy,  the consumer shall either: 1. Return the policy to the insurer or to the licensee at the licensee's place of business. 2. Provide written notice of cancellation to the insurer or to the licensee at the licensee's place of business. F. The licensee shall give the consumer a written copy of the provisions of this section.
AZ Rev Stat § 6-639 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-639 - Loans from theft or fraud; consumer not responsible; correction of credit information

6-639.  Loans from theft or fraud;  consumer not responsible;  correction of credit information A licensee may not hold a person responsible for any loan amount that is incurred as a result of a violation of section 13-2008,  13-2009,  13-2010 or 13-2310. Within thirty days after a licensee is aware that a loan is a result of a violation of section 13-2008,  13-2009,  13-2010 or 13-2310,  the licensee shall immediately correct any derogatory credit information that is reported to a consumer reporting agency as defined in section 44-1691 and that is the result of the violation.
AZ Rev Stat § 6-701 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-701 - Definitions

6-701.  Definitions In this chapter,  unless the context otherwise requires: 1. " Agency"  means any business serving the public,  which as part of its services accepts money for and on behalf of a licensee. 2. " Branch office"  means any office operated solely for the purpose of accepting money and performing other services for a licensee. 3. " Creditor"  means a person for whose benefit monies are being collected and disbursed by a licensee. 4. " Debt management company"  means a corporation,  company,  firm,  partnership,  association or society,  as well as a natural person,  that for compensation engages in the business of receiving money,  or evidences thereof,  in this state or from a resident of this state as agent of a debtor for the purpose of distributing the same to his creditors in payment or partial payment of his obligations. 5. " Debtor"  means a person from whom monies are being accepted for disbursement to creditors. 6. " License"  means a license issued under this chapter. 7. " Licensee"  means a corporation,  company,  firm,  partnership,  association or society,  as well as a natural person,  licensed by the deputy director to engage in the business of a debt management company pursuant to this chapter. 8. " Nonprofit religious,  fraternal or cooperative organizations"  means religious,  fraternal or cooperative organizations or entities whose primary functions or purposes are not the provision of debt management services.