reglab/housing_qa huggingface dataset:
AZ Rev Stat § 6-1113 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1113 - Reports; examination; costs

6-1113.  Reports;  examination;  costs A. The deputy director may require reports from and examine financial institution holding companies and each subsidiary of the holding companies. The deputy director shall accept the examination and financial reports of the appropriate federal or state holding company regulatory authority in lieu of any examination or financial report authorized or required by this chapter. The reports so accepted are considered for all purposes as official reports of the department. B. Notwithstanding subsection A of this section,  the deputy director may require reports from and examine financial institution holding companies and their subsidiaries if it appears to the deputy director that any of these entities has engaged,  is engaging or is about to engage in any act,  practice or transaction that constitutes an unsafe or unsound practice or a violation of this title or any rule or order of the deputy director. This section does not prohibit the department from participating with federal regulators in the examinations to aid in enforcing this title. C. The cost of any examination shall be assessed against and paid by each financial institution holding company pursuant to section 6-125.
AZ Rev Stat § 6-1202 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1202 - License required

6-1202.  License required A. A person shall not sell or issue payment instruments,  engage in the business of receiving money for transmission or transmitting money,  engage in the business of exchanging payment instruments or money into any form of money or payment instrument or engage in the business of receiving money for an obligor for the purpose of paying that obligor's bills,  invoices or accounts without first obtaining a license as provided in this chapter or becoming an authorized delegate of a licensee with respect to those activities. A licensee is under the jurisdiction of the department. A person who is not licensed under this chapter or who is not an authorized delegate of a licensee with respect to those activities is presumed to be engaged in a business that is regulated by this chapter and that requires a license if the person advertises,  solicits or holds himself out as being in the business of selling or issuing payment instruments,  of receiving money for transmission or transmitting money or of converting one form of money to another form of money. B. No person other than a corporation or limited liability company organized and in good standing under the laws of the state of its incorporation or formation or a corporation or limited liability company organized under the laws of a country other than the United States and in good standing under the laws of the country of its incorporation or formation and authorized to do business in this state may apply for or be issued a license as provided in this chapter. C. A person engages in business activity regulated by this chapter in this state if any of the following applies: 1. Conduct constituting any element of the regulated activity occurs in this state. 2. Conduct occurs outside this state and constitutes an attempt,  offer or conspiracy to engage in the activity within this state and an act in furtherance of the attempt,  offer or conspiracy occurs within this state. 3. As part of a business activity described by this section a person knowingly transmits money into this state or makes payments in this state without disclosing the identity of each person on whose behalf money was transmitted or payment was made.
AZ Rev Stat § 6-1203 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1203 - Exemptions

6-1203.  Exemptions A. This chapter does not apply to: 1. The United States or any department or agency of the United States. 2. This state,  including any political subdivision of this state. B. This chapter does not apply to the following if engaged in the regular course of their respective businesses,  except that article 2 of this chapter applies to: 1. A bank,  financial institution holding company,  credit union,  savings and loan association or savings bank,  whether organized under the laws of any state or the United States if the term " money transmitter"  is used. 2. A person,  to the extent that the person provides money transmitter services for an entity described in paragraph 1 of this subsection and if both of the following are met: (a) The agency relationship between the person that is providing the money transmitter services and the entity described in paragraph 1 of this subsection is established through a written agreement. (b) The entity described in paragraph 1 of this subsection remains responsible for providing the money transmitter services to its customers. 3. A person who engages in check cashing or foreign money exchange and engages in other activity regulated under this chapter only as an authorized delegate of a licensee acting within the scope of the contract between the authorized delegate and the licensee. 4. A person who is licensed pursuant to chapter 5,  6,  7 or 8 of this title,  chapter 9,  article 2 of this title or title 32,  chapter 9.
AZ Rev Stat § 6-1204 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1204 - Application for license; fees

6-1204.  Application for license;  fees A. Each application for a license shall be made in writing,  under oath and in the form prescribed by the deputy director. The application shall contain at least the following: 1. Copies of the articles of incorporation for the applicant,  a listing of all trade names or fictitious names used by the applicant and other information concerning the corporate status of the applicant. 2. The address of the applicant's principal place of business,  the address of each location where the applicant intends to transact business in this state,  including any branch offices,  and the name and address of each location of any authorized delegates. 3. For each executive officer and director of the applicant and for each executive officer and director of any controlling person,  unless the controlling person is a publicly traded company on a recognized national exchange and has assets in excess of $400, 000, 000,  a statement of personal history in the form prescribed by the deputy director. 4. An identification statement for each branch manager and responsible individual including all of the following: (a) Name and any aliases or previous names used. (b) Date and place of birth. (c) Alien registration information,  if applicable. (d) Employment history and residence addresses for the preceding fifteen years. (e) Social security number. (f) Criminal convictions,  excluding traffic offenses. 5. The name and address of each authorized delegate. 6. The identity of any account in any financial institution through which the applicant intends to conduct any business regulated under this chapter. 7. A financial statement audited by a licensed independent certified public accountant. B. Each application shall be accompanied by the nonrefundable application fee and an annual fee as prescribed in section 6-126.
AZ Rev Stat § 6-1205.01 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1205.01 - Net worth requirements

6-1205.01.  Net worth requirements A. Each applicant for a license shall have and each licensee shall maintain at all times a net worth of at least one hundred thousand dollars,  calculated according to generally accepted accounting principles. B. Any licensee who is engaged in the business regulated under this chapter at more than one location pursuant to section 6-1207 or through authorized delegates pursuant to section 6-1208 shall have an additional net worth of fifty thousand dollars for each location or authorized delegate located in this state,  as applicable,  to a maximum of five hundred thousand dollars.  C. A licensee whose business conducts a total of more than five hundred thousand dollars in transactions that involve transmitting money in an amount of one thousand dollars or more during the preceding year shall maintain net worth in addition to the amounts required by subsections A and B of this section. The additional net worth shall be not less than ten per cent of the total of such transactions conducted in this state,  calculated according to generally accepted accounting principles to a maximum of five hundred thousand dollars.
AZ Rev Stat § 6-1206 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1206 - Issuance of license; renewal

6-1206.  Issuance of license;  renewal A. On the filing of a complete application,  the deputy director shall investigate the financial condition and responsibility,  financial and business experience,  character and general fitness of the applicant. In the deputy director's discretion,  the deputy director may conduct an on-site investigation of the applicant,  the reasonable cost of which shall be borne by the applicant. The deputy director shall issue a license to an applicant if the deputy director finds that all of the following conditions are met: 1. The applicant has complied with sections 6-1204,  6-1205 and 6-1205.01. 2. The competence,  experience and integrity of the officers,  directors and controlling persons and any proposed management personnel indicate that it would be in the interest of the public to allow such a person to participate in the affairs of a licensee. 3. The applicant has paid the required license fee. B. The deputy director shall approve or deny every application for an original license within one hundred twenty days after the date an application is complete,  which period may be extended by the written consent of the applicant. The deputy director shall notify the applicant of the date on which the application is determined to be complete. In the absence of approval or denial of the application or consent to the extension of the one hundred twenty-day period,  the application is deemed approved and the deputy director shall issue the license effective as of the first business day after that one hundred twenty-day period or any extended period. C. A licensee shall pay a renewal fee as prescribed in section 6-126 on or before November 1 of each year. The renewal fee shall be accompanied by a renewal application in the form prescribed by the deputy director. A license for which no renewal fee and application have been received by November 1 shall be suspended. A licensee may renew a suspended license not later than December 1 of the year of expiration by paying the renewal fee plus $100 for each day the renewal fee and application were not received by the deputy director. A license expires on December 1 of each year,  unless earlier renewed,  surrendered or revoked. A license shall not be granted to the holder of an expired license or to an incorporator,  director or officer of the holder of an expired license except on compliance with the requirements provided in this article for an original license.
AZ Rev Stat § 6-1207 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1207 - Principal and branch offices; notice

6-1207.  Principal and branch offices;  notice A. A licensee shall designate and maintain a principal place of business for the transaction of business regulated by this chapter. If a licensee maintains one or more places of business in this state,  the licensee shall designate a place of business in this state as its principal place of business for purposes of this section. The license shall specify the address of the principal place of business and shall designate a responsible individual for its principal place of business. B. If a licensee maintains one or more locations in this state in addition to a principal place of business,  and those locations are to be under the control of the licensee and not under the control of authorized delegates as prescribed in section 6-1208,  the licensee shall obtain a branch office license from the deputy director for each additional location by filing an application as required by the deputy director at the time the licensee files its license application. If branch offices are added by the licensee,  the licensee shall file with the deputy director an application for a branch office license with the licensee's next quarterly fiscal report prescribed by section 6-1211. The deputy director shall issue a branch office license if the deputy director determines that the licensee has complied with this subsection. The license shall indicate on its face the address of the branch office and shall designate a manager for each branch office to oversee that office. The deputy director may disapprove the designated manager then or at any later time if the deputy director finds that the competence,  experience and integrity of the branch manager warrant disapproval. A person may be designated as the manager for more than one branch. The licensee shall submit a fee as prescribed in section 6-126 for each branch office license. C. If the address of the principal place of business or any branch office is changed,  the licensee shall immediately notify the deputy director of the change. The deputy director shall endorse the change of address on the license for a fee as prescribed in section 6-126.
AZ Rev Stat § 6-1208 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1208 - Authorized delegates of licensee; reports

6-1208.  Authorized delegates of licensee;  reports A. A licensee may conduct the business regulated under this chapter at one or more locations in this state through authorized delegates designated by the licensee. B. Each contract between a licensee and an authorized delegate shall require the authorized delegate to operate in full compliance with the law. The licensee shall provide each authorized delegate with operating policies and procedures sufficient to allow compliance by the delegate with title 13,  chapter 23 and this chapter and rules adopted pursuant to this chapter. The licensee shall promptly update the policies and procedures to allow compliance with those laws and rules. C. An authorized delegate is not liable for any obligation imposed on its licensee by this chapter with respect to the business for which it is a delegate. On suspension or revocation of a license or the failure of a licensee to renew its license,  the deputy director shall notify all delegates of the licensee who are on record with the department of the department's action. On receipt of this notice,  an authorized delegate shall immediately cease to operate as a delegate of that licensee.
AZ Rev Stat § 6-1209 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1209 - Cease and desist orders; examinations

6-1209.  Cease and desist orders;  examinations A. In addition to the deputy director's authority under section 6-137,  the deputy director may issue an order to cease and desist against a licensee,  requiring the licensee to cease conducting its business through an authorized delegate and to take appropriate affirmative action,  pursuant to section 6-137,  if the deputy director finds that: 1. The authorized delegate has violated,  is violating or is about to violate any applicable law or rule or order of the deputy director. 2. The authorized delegate has failed to cooperate with an examination or investigation by the deputy director or the attorney general authorized by this title. 3. The competence,  experience,  integrity or overall moral character of the authorized delegate or any controlling person of the authorized delegate indicates that it would not be in the interest of the public to allow that person to participate in the business regulated under this chapter. 4. The financial condition of the authorized delegate is such that it might prejudice the interests of the public in the conduct of the business regulated under this chapter. 5. The authorized delegate has engaged,  is engaging or is about to engage in any unsafe or unsound act,  practice or transaction or an act,  practice or transaction that constitutes a violation of this title or of any rule or order of the deputy director. B. Any business for which a license is required by this chapter conducted by an authorized delegate outside the scope of authority conferred in the contract between the authorized delegate and the licensee is unlicensed activity. An authorized delegate of a licensee holds in trust for the benefit of the licensee all monies received from the sale or delivery of the licensee's payment instruments or monies received for transmission. If an authorized delegate commingles any such monies with any monies or other property owned or controlled by the authorized delegate,  a trust against all commingled proceeds and other monies or property owned or controlled by the authorized delegate is imposed in favor of the licensee in an amount equal to the amount of the proceeds due the licensee. C. An authorized delegate is subject to examination by the deputy director at the discretion of the deputy director. The licensee is responsible for the payment of an assessment for the examination of its authorized delegates to the extent that the examination relates to the activities conducted by the authorized delegate on behalf of the licensee. That assessment shall be made at the rate set by the deputy director for examination of an enterprise pursuant to section 6-125,  subsection B,  and payment of that assessment shall be made as prescribed by section 6-125.
AZ Rev Stat § 6-1210 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1210 - Suspension or revocation of licenses

6-1210.  Suspension or revocation of licenses The deputy director may suspend or revoke a license if the deputy director finds any of the following: 1. The licensee has made a material misstatement or suppressed or withheld information on an application for a license or any document required to be filed with the deputy director. 2. A fact or condition exists that,  if it had existed or had been known at the time the licensee applied for its license,  would have been grounds for denying the application. 3. The licensee is insolvent as defined in section 47-1201. 4. The licensee has violated any provision of title 13,  chapter 23,  this chapter or rules adopted pursuant to this chapter or any order of the deputy director. 5. An authorized delegate of the licensee has violated any provision of title 13,  chapter 23,  this chapter or rules adopted thereunder or any order of the deputy director as a result of a course of negligent failure to supervise or as a result of the wilful misconduct of the licensee. 6. The licensee refuses to allow the deputy director or the attorney general to make any examination authorized by this title. 7. The licensee knowingly fails to make any report required by this chapter. 8. The licensee fails to pay a judgment entered in favor of a claimant,  plaintiff or creditor in an action arising out of the licensee's business regulated under this article within thirty days after the judgment becomes final or within thirty days after expiration or termination of a stay of execution or other stay of proceedings,  whichever is later. If execution on the judgment is stayed by court order,  operation of law or otherwise,  proceedings to suspend or revoke the license for failure of the licensee to comply with that judgment may not be commenced by the deputy director under this subsection until thirty days after that stay. 9. The licensee has been convicted in any state of a felony or of any crime involving a breach of trust or dishonesty.
AZ Rev Stat § 6-1211 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1211 - Reports

6-1211.  Reports Each licensee shall file with the deputy director within forty-five days after the end of each fiscal quarter a consolidated financial statement including a balance sheet,  income and expense statements and a list of all authorized delegates,  branch managers,  responsible individuals and locations within this state that have been added or terminated by the licensee within the fiscal quarter. Information regarding branch managers and responsible individuals shall include the information prescribed in section 6-1204,  subsection A,  paragraph 4. For locations and authorized delegates,  the licensee shall include the name and street address of each location and authorized delegate.
AZ Rev Stat § 6-1212 (2021)
2021 Arizona Revised Statutes|Title 6 - Banks and Financial Institutions|§ 6-1212 - Permissible investments

6-1212.  Permissible investments A. Every licensee shall maintain at all times permissible investments that comply with either of the following: 1. A market value computed in accordance with generally accepted accounting principles of not less than the aggregate amount of all of its outstanding payment instruments. 2. A net carrying value computed in accordance with generally accepted accounting principles of not less than the aggregate amount of all of its outstanding payment instruments,  provided the market value of these permissible investments is at least ninety-five percent of the net carrying value. B. Notwithstanding any other provision of this chapter,  the deputy director,  with respect to any particular licensee or all licensees,  may limit the extent to which any class of permissible investments as defined in section 6-1201 may be considered a permissible investment,  except for money and certificates of deposit. The deputy director may by rule prescribe or by order allow other types of investments that the deputy director determines to have substantially equivalent safety as other permissible investments to be considered a permissible investment under this chapter.