reglab/housing_qa huggingface dataset:
AZ Rev Stat § 6-564 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-564 - Loans to officials

6-564.  Loans to officials A. A credit union may make loans to an officer,  director or member of its supervisory and credit committees if both of the following conditions are met: 1. The loan complies with all requirements of this chapter and is not on terms more favorable than those extended to other borrowers. 2. The aggregate of loans to all such officials,  excepting those fully secured by share or deposit accounts,  does not exceed twenty percent of the credit union's capital. B. A credit union may allow officers,  directors and members of its supervisory and credit committees to act as comakers,  guarantors or endorsers of loans to other members,  subject to the requirements of subsection A of this section. C. All applications for loans in the aggregate of $20, 000 or a greater amount as determined by the deputy director on which an official will be either a direct obligor or an endorser,  cosigner or guarantor shall be initially acted on by the board of directors as provided in the bylaws.
AZ Rev Stat § 6-571 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-571 - Insurance for members

6-571.  Insurance for members A credit union may purchase or provide insurance on the lives or credit disability of its members in an amount equal to their respective share and loan balances or either or both of them and purchase or provide vendor's single interest property insurance coverages on property which is pledged as security if the borrower fails to provide evidence of adequate coverages placed with an insurance carrier selected by the borrower. Nothing in this section shall prohibit the lender from specifying reasonable requirements for coverages and the financial condition of the insurance carrier.
AZ Rev Stat § 6-572 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-572 - Group purchasing

6-572.  Group purchasing A credit union may enter into marketing arrangements and joint ventures with other credit unions,  credit union organizations or other organizations to facilitate its members' voluntary purchase of goods and services from third parties,  consistent with the purposes of the credit union. A credit union may be compensated for services so provided and may establish reasonable fees to members.
AZ Rev Stat § 6-573 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-573 - Money type instruments

6-573.  Money type instruments A credit union may collect,  receive and disburse monies in connection with the providing of negotiable instruments,  money orders,  traveler's checks,  credit or debit cards and other money instruments and may charge reasonable fees for these services.
AZ Rev Stat § 6-574 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-574 - Retirement accounts

6-574.  Retirement accounts A credit union may act as trustee or custodian of any form of retirement,  pension,  profit sharing or deferred income accounts for its members,  pension funds of self-employed individuals eligible for membership and pension funds of a company or organization whose employees or members are eligible for membership in the credit union.
AZ Rev Stat § 6-576 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-576 - Investment authority

6-576.  Investment authority A. The board of directors has charge of the investment of credit union monies,  except that the board may designate an investment committee or investment officer to make investments on its behalf,  under written policies established by the board. B. The board of directors shall designate a depository or depositories for the monies of the credit union.
AZ Rev Stat § 6-581 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-581 - Transfers to regular reserve

6-581.  Transfers to regular reserve A. At the end of each accounting period,  but not less frequently than quarterly,  the credit union shall set aside,  as a regular reserve against losses,  amounts in accordance with the schedule set by the share insuring organization. The credit union shall set aside the amounts before the declaration or payment of any dividends. B. The board of directors may increase,  or if the reserve equals or exceeds the requirement prescribed in subsection A,  decrease,  the amount to be set aside.
AZ Rev Stat § 6-582 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-582 - Use of regular reserve

6-582.  Use of regular reserve Losses on risk assets,  but not operating losses,  shall be promptly charged against the regular reserve when those losses occur. The credit union shall not distribute the regular reserve except on liquidation of the credit union or in accordance with a plan approved by the deputy director.
AZ Rev Stat § 6-583 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-583 - Special reserves

6-583.  Special reserves In addition to the regular reserve,  special reserves for losses shall be established if required by rule or if the deputy director or the board of directors finds it necessary. Special reserves may include allowances for loan losses or investment losses.
AZ Rev Stat § 6-584 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-584 - Voluntary dissolution

6-584.  Voluntary dissolution A. A credit union may elect to dissolve voluntarily and terminate its affairs in the following manner: 1. The board of directors shall adopt a resolution recommending that the credit union be dissolved voluntarily,  naming a liquidating agent adequately bondable,  and directing that the question of a dissolution be submitted to a regular or special meeting of the members. 2. At a regular or special meeting called for such purpose where the notice of such purpose is contained in the call,  the affirmative vote of a majority of the members of the credit union present shall be required to dissolve the credit union. 3. On the adoption of a resolution to dissolve,  a statement of intent to dissolve shall be executed in triplicate by the president or vice president,  and attested by its secretary,  which shall set forth: (a) The name of the corporation. (b) Names and addresses of the officers and directors of the corporation. (c) A copy of the resolution authorizing the voluntary dissolution and the name and address of the liquidating agent. (d) Names and addresses of the members and the amount of the shares and loan balances of members outstanding. (e) A financial and statistical report as of the date the resolution to dissolve is adopted. B. Immediately on the adoption of the resolution to dissolve,  the credit union shall furnish to the deputy director duplicate copies of the statement of intent to dissolve and the deputy director shall then determine whether or not the credit union is solvent. If it is solvent,  the deputy director shall issue to the credit union in quadruplicate a certificate to the effect that this section has been complied with. The certificate shall be filed by the credit union with the corporation commission and a duplicate copy recorded in the office of the county recorder of the county in which the credit union is located,  whereupon the credit union shall be deemed dissolved and shall cease carrying on business except for the purpose of liquidation. C. The credit union shall continue in existence for the purpose of discharging its debts,  collecting and distributing its assets and doing all other acts required to completely dissolve the credit union,  and may sue and be sued for the purpose of enforcing such debts and obligations until its affairs are fully terminated,  but an action may not be filed by or against such credit union more than two years after this certificate of dissolution is recorded. D. The credit union shall during the dissolution period furnish to the deputy director regular monthly progress reports of the affairs of the credit union until the final dissolution of the credit union. E. After the expiration of two years after the date of final dissolution,  the deputy director may destroy all books and records of such credit union in the deputy director's possession.
AZ Rev Stat § 6-586 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-586 - Distribution of assets of liquidating credit union

6-586.  Distribution of assets of liquidating credit union If there is either a voluntary or involuntary liquidation of a credit union the assets of the credit union or the proceeds from any disposition of the assets shall be applied and distributed in the following order: 1. Taxes owed to the United States,  this state or any other governmental unit. 2. Secured creditors up to the fair market value of their collateral,  not to exceed the amount of their debt. 3. Costs and expenses of liquidation. 4. Wages due the employees of the credit union. 5. Costs and expenses incurred by creditors in successfully opposing the release of the credit union from certain debts as allowed by the deputy director. 6. Debts owed to the United States or this state. 7. General creditors,  secured creditors,  to the extent their claims exceed the fair market value of their collateral,  and owners of deposit accounts,  to the extent the accounts are uninsured. 8. Members,  to the extent of uninsured accounts,  and the insuring organization that insured the accounts of the credit union.
AZ Rev Stat § 6-591 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-591 - Organization

6-591.  Organization A corporate credit union shall be organized in the manner provided for the organization of a credit union in section 6-506.
AZ Rev Stat § 6-592 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-592 - Purposes; membership

6-592.  Purposes;  membership A. The purposes of a corporate credit union are to: 1. Accumulate and prudently manage the liquidity of its member credit unions through inter-lending and investment services. 2. Act as an intermediary for credit union monies between members and other corporate credit unions. 3. Obtain liquid monies from other credit union organizations,  financial intermediaries and other sources. 4. Foster and promote in cooperation with other corporate credit unions and credit union organizations or associations the economic security,  growth and development of member credit unions. 5. Provide payment systems and correspondent services to its members. 6. Perform other services and provide other benefits for its members as required. B. Membership in the corporate credit union consists of and is limited to credit unions incorporated under this chapter,  the federal credit union act or any other credit union law,  organizations or associations owned by or composed of credit unions and corporations or associations which primarily serve credit unions.
AZ Rev Stat § 6-593 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-593 - Powers of corporate credit union; federal parity

6-593.  Powers of corporate credit union;  federal parity A. A corporate credit union shall enjoy the powers and privileges of any other credit union incorporated under this chapter and in addition may: 1. Accept share accounts or deposit accounts from its members,  state or federal credit unions,  other corporate credit unions and credit union organizations or associations. 2. Make loans to,  deposit in or invest in its members,  state or federal credit unions and other corporate credit unions. 3. Participate with any state or federal credit union in making loans to members of the corporate credit union or to members of any participating credit union. 4. Act as intermediary for the monies of members,  credit unions and other corporate credit unions. 5. Act as agent for members,  other credit unions and credit union organizations in paying,  receiving and transferring the assets and liabilities received and invested as permitted in this article. 6. Receive and hold in safekeeping the securities and other assets of its members and,  in that connection,  make such disposition of the assets as may be agreed to or directed by the member. 7. Provide payment systems and correspondent services to its members,  nonmember state or federal credit unions,  other corporate credit unions and credit union organizations or associations. B. In addition to all other rights,  powers and privileges granted a credit union by section 6-516,  a corporate credit union organized under the laws of this state has all of the rights,  powers and privileges and is entitled to the same exemptions and immunities as any corporate credit union chartered under the laws of the United States. C. Except for the provisions of section 6-581,  and except as specifically permitted in this article,  all provisions of this chapter relating to credit unions shall apply to corporate credit unions.
AZ Rev Stat § 6-594 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-594 - Participation in central system

6-594.  Participation in central system A corporate credit union may enter into agreements and subscribe to any required shares for the purpose of participation in the national credit union administration central liquidity facility or in any other state or federal central liquidity facility or central financial system available to credit unions. It may also enter into agreements with any third parties to aid credit unions to obtain additional sources of liquidity.
AZ Rev Stat § 6-595 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-595 - Reserves

6-595.  Reserves A. A corporate credit union shall establish and maintain a corporate reserve in accordance with the reserve requirements of the national credit union administration for federal corporate credit unions. B. A corporate credit union may make charges to the corporate reserve for losses on risk assets and to meet such other classes of losses as approved by the deputy director. A corporate credit union shall not distribute the corporate reserve except on liquidation of the credit union or in accordance with a plan approved by the deputy director.
AZ Rev Stat § 6-602 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-602 - Exemptions

6-602.  Exemptions A. This chapter does not apply to: 1. A person who does business under any other law of this state,  or any other state while regulated by a state agency of that other state,  or of the United States,  relating to banks,  savings banks,  trust companies,  savings and loan associations,  profit sharing and pension trusts,  credit unions,  insurance companies or receiverships if the consumer lender loan transactions are regulated by the other law or are under the jurisdiction of a court. 2. A person who is licensed as a pawnbroker pursuant to title 44,  chapter 11,  article 3 to the extent that the person's activities are governed by that article. 3. A person who is not regularly engaged in the business of making consumer lender loans. 4. A person who is licensed pursuant to chapter 9 of this title to the extent that the person's activities are governed by that chapter. B. The requirements of this chapter do not apply to: 1. Closed end loans of more than $10, 000. 2. Advances on open end revolving loans that are not secured by the consumer's principal residence with an agreed on credit limit of more than $10, 000,  regardless of the amount of any advances on these revolving loans. 3. Advances on open end revolving loans that are secured by the consumer's principal residence with an agreed on credit limit of more than $10, 000,  regardless of the amount of any advances on these revolving loans. 4. Consumer lender loans that are lawfully made to nonresidents of the state in any other state under and in accordance with a regulatory consumer lender law similar in principle to this chapter. 5. Educational loans that are either: (a) Made,  insured or guaranteed pursuant to a program authorized by the United States,  this state or any other state. (b) Made by a nonprofit organization that is exempt from taxation under section 501(c)(3) of the internal revenue code to students who attend postsecondary educational institutions in this state. C. A consumer loan made pursuant to a consumer lender license is not a secondary motor vehicle finance transaction as defined in section 44-281.
AZ Rev Stat § 6-603 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-603 - License; contents of application; fees; nontransferable

6-603.  License;  contents of application;  fees;  nontransferable A. Unless exempt under section 6-602,  a person,  whether located in this state or in another state,  shall not engage in the business of a consumer lender without first being licensed as a consumer lender by the deputy director. B. This chapter applies to any person who seeks to avoid its application by any device,  subterfuge or pretense. C. Each applicant for a license shall submit an application in writing,  under oath and in the form prescribed by the deputy director. The deputy director may require as part of an application any other information that the deputy director deems necessary. D. At the time of filing an application for a license,  an applicant shall pay to the deputy director the fee prescribed in section 6-126. E. Before June 30 of each year,  each licensee may obtain a renewal of a license by filing an application in the form prescribed by the deputy director and paying the fee prescribed in section 6-126. F. The deputy director may deny a license to a person if the deputy director finds that an applicant: 1. Is insolvent as defined in section 47-1201. 2. Has failed to demonstrate the financial responsibility,  experience,  character and general fitness to command the confidence of the public and to warrant the belief that the business will be operated lawfully,  honestly,  fairly and efficiently within the purposes of this chapter. 3. Has failed to pay the license fee. 4. Has failed to have at least $25, 000 in assets readily available for use in the conduct of the business of each licensed office and branch office. G. A consumer lender license is not transferable or assignable,  and no person may acquire control of a licensee through stock purchase or other device without the prior written consent of the deputy director. The deputy director may refuse consent if the deputy director finds that any of the grounds for denial of renewal,  revocation or suspension of a license prescribed in section 6-605 are applicable to the acquiring person. For purposes of this subsection,  " control"  means the power to vote more than twenty percent of the outstanding voting shares of a licensed corporation,  limited liability company,  partnership,  association or trust.
AZ Rev Stat § 6-604 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-604 - Issuance of license; license year; requirements

6-604.  Issuance of license;  license year;  requirements A. If the deputy director finds no grounds for denial of a license,  within one hundred twenty days after receiving a complete application,  the deputy director shall grant the application and issue a license to the applicant. B. The license year for a licensee begins on July 1 and ends on June 30 of each year. C. All licenses issued remain in full force until surrendered,  revoked or suspended. D. A license remains the property of this state. On termination at the request of the licensee or revocation by the deputy director,  the licensee shall immediately deliver the license to the deputy director. Termination of the license does not affect any other liability of the licensee. E. The licensee shall designate the principal location of the licensed office within or outside this state. If a licensee wishes to maintain more than one office location the licensee shall first obtain a branch office license for each branch office from the deputy director. The licensee shall submit an application in the form prescribed by the deputy director and pay the fee prescribed in section 6-126 for each branch office license. If the deputy director determines that the applicant is qualified,  the deputy director shall issue a branch office license indicating the address of the branch office. F. A licensee shall prominently display the consumer lender license in the office of the consumer lender and any branch office license in that branch office.
AZ Rev Stat § 6-605 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-605 - Denial of renewal; suspension; revocation

6-605.  Denial of renewal;  suspension;  revocation A. The deputy director may deny renewal of a license or suspend or revoke a license if the deputy director finds that a licensee: 1. Is insolvent as defined in section 47-1201. 2. Has shown that the licensee is not a person of honesty,  truthfulness and good character. 3. Has failed to pay the annual renewal fees. 4. Has failed to file an annual report when due or within any extension of time granted by the deputy director for good cause. 5. Has failed to have or maintain at least $25, 000 in assets used or readily available for use in the conduct of the business of each licensed office and branch office. 6. Either knowingly or without the exercise of due care to prevent a violation,  has violated any provision of this title or any rule or order adopted or made pursuant to this title. 7. Has failed to operate the business of making consumer lender loans for a continuous period of twelve months or more,  except that the deputy director,  on good cause shown,  may extend the time for operating that business for a single fixed period of not more than twelve months. B. The deputy director may also deny renewal of a license or suspend or revoke a license if the deputy director finds that any fact or condition exists that,  if it had existed at the time of the original application for the license,  would have clearly warranted the deputy director to refuse to issue the license.