Arizona Legislation

CUA’s membership in Arizona is growing. For that reason, we decided to begin providing members with information about legislation related to our mission that may be of interest to our members in Arizona. For full information about legislation in Arizona, please follow these links:
Arizona State Legislature Web site

List of your state representatives

These are some bills being considered in this session that might be of interest to consumers. We provide this for information purposes only. CUA does not lobby in the state of Arizona and has no position on these bills.

For all Arizona bill status information, click here then type in the bill number

To find a committee, click here then select the committee you are looking for

Bills that may be of interest to our members in 2019:

H2321 Public Service Scholarship Fund
Establishes the John McCain Public Service Scholarship Fund, to be administered by the Commission for Postsecondary Education and used to provide scholarships to students who complete a term of service in a national service program, receive a federal postservice education award, and use the award to attend an educational institution or program in Arizona. Appropriates the following amounts from the general fund to the Fund, $1 million in FY2019-20, either $1 million or $2 million in FY2020-21 depending on the amount of scholarship monies awarded in FY2019-20, and in FY2021-22, either $3 million or the amount deposited in FY2020-21 depending on the amount of scholarship monies awarded in FY2020-21.
Next Step: TBA

H2335 StudentLoan Servicers; Licensure
Adds a chapter to Title 6 (Banks & Financial Institutions) requiring a person acting as a "student loan servicer" (defined) to obtain a license from the Superintendent of Financial Institutions. Some exceptions. Establishes license application requirements and fees. Student loan servicer licenses expire on September 30 of each odd-numbered year and may be biannually renewed. Establishes requirements and prohibited practices for licensees as well as penalties for violations. Establishes a student loan ombudsman in the Department of Financial Institutions to attempt to resolve complaints from student loan borrowers and establish a student loan borrower education course by October 1, 2019. Due to a potential increase in state revenue, this legislation requires the affirmative vote of at least 2/3 of the members of each house of the Legislature for passage, and becomes effective on signature of the Governor.
Next Step: House Regulatory Affairs, Date TBA

H2511 Student Loan Ombudsman; Loan Servicers
Adds a chapter to Title 6 (Banks & Financial Institutions) requiring a person acting as a "student loan servicer" (defined) to obtain a license from the Superintendent of Financial Institutions. Some exceptions. Establishes license application requirements and fees. Student loan servicer licenses expire on September 30 of each odd-numbered year and may be biannually renewed. Establishes requirements and prohibited practices for licensees as well as penalties for violations. The Superintendent is required to designate a Student Loan Ombudsman within the Department of Financial Institutions to provide timely assistance to any student loan borrower. Duties of the Ombudsman are established, including to establish a student loan borrower education course by October 1, 2022. Appropriates $500,000 from the general fund in FY2019-20 to the Dept for implementation. Due to a potential increase in state revenue, this legislation requires the affirmative vote of at least 2/3 of the members of each house of the Legislature for passage, and becomes effective on signature of the Governor.
Next Step: House Regulatory Affairs, Date TBA