Title 6 — Banks and Financial Institutions
17 chapters · 553 sections in this title.
A.R.S. § 6-991.13 Correction of deficiencies in the application
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A. If the deputy director determines that a claimant's application fails to comply substantially with the requirements of section 6-991.11 or rules adopted pursuant to this article, the deputy director, within thirty calendar days after receiving the application, shall mail an it…
A.R.S. § 6-991.14 Investigation and discovery
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In considering and investigating an application, the department may use all appropriate means of investigation and discovery that are available pursuant to this article.
A.R.S. § 6-991.15 Final decision and order on claim; notice
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A. The deputy director shall make a final written decision and order on a claim within ninety calendar days after receiving a completed application except in the following cases: 1. A proration hearing is pending under section 6-991.11. 2. An application is deficient or fails to …
A.R.S. § 6-991.16 Claimant's right to appeal denial of claim; service of notice of appeal; response; failure to file response
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A. A claimant whose application is denied pursuant to section 6-991.15 may file within six months after receiving notice of a denial of the claim a verified application in the court in which judgment was entered in the claimant's favor for an order directing payment out of the mo…
A.R.S. § 6-991.17 Deputy director's standing in court
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The deputy director may enter an appearance, file an answer, appear at the court hearing, defend the action or take whatever other action the deputy director considers appropriate on behalf and in the name of the mortgage recovery fund and take recourse through any appropriate me…
A.R.S. § 6-991.18 Subrogation of rights; collection
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A. Before receiving payment from the fund, a claimant must complete and execute, as judgment creditor, an assignment of judgment lien and notice of subrogation and assignment of rights to the claimant's judgment on a form provided by the department. B. If the deputy director has …
A.R.S. § 6-991.19 Waiver of rights
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The failure of an aggrieved person to comply with all of the provisions of this article constitutes a waiver of any rights.
A.R.S. § 6-991.20 Effect of article on disciplinary action
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This article does not limit the authority of the deputy director to take disciplinary action against any licensee for a violation of this chapter or of the rules adopted pursuant to this chapter. The repayment in full of all obligations to the fund by any licensee does not nullif…
A.R.S. § 6-991.21 Financial services fund; use of fund
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A. The financial services fund is established consisting of loan originator fees collected pursuant to this article. The deputy director shall administer the fund for the purpose of discharging the duties imposed by law on the division. B. Monies deposited in the financial servic…
A.R.S. § 6-991.22 Noncompliance not to affect validity of loan
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Failure to comply with this article does not affect the validity or enforceability of any debt, mortgage, deed of trust or any other lien interest on real estate. A person acquiring a mortgage loan or any interest in a mortgage loan as mortgagee or beneficiary or as an assignee, …