undocumented aliens; financial services
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill restricts financial institutions in Arizona from accepting certain forms of identification from individuals, specifically targeting those who may not be lawfully present in the United States. It also regulates loan applications, requiring the use of taxpayer identification numbers instead of social security numbers, and introduces new rules for check cashers to prevent them from serving undocumented immigrants. Furthermore, the bill creates a new chapter addressing foreign remittances, prohibiting businesses from sending money to unauthorized aliens and establishing compliance procedures and penalties.
Key provisions
- Financial institutions cannot accept specific identification cards issued to unauthorized aliens.
- Loan applications must use taxpayer identification numbers instead of social security numbers.
- Check cashers are prohibited from accepting specific identification cards issued to unauthorized aliens.
- A new chapter is added to Title 44 regarding foreign remittance transfers.
- Businesses handling foreign remittances must verify the recipient is not an unauthorized alien.
- The Department of Insurance and Financial Institutions will conduct compliance audits.
- Civil penalties will be imposed for violations of the foreign remittance transfer rules.
- Check cashers must display a schedule of fees and acceptable identification.
Who is affected
- Financial institutions
- Loan applicants
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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