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Financial Services Law Insights and Observations

Arizona attorney general requests financial assistance for Arizona consumers

State Issues Arizona State Attorney General Consumer Finance Mortgages Foreclosure Repossession Fees Credit Report Covid-19

State Issues

On March 19, Arizona’s attorney general issued a request for financial and lending institutions to provide temporary relief to their Arizona customers. The governor’s requests for institutions included taking the following actions for at least 90 days: (ii) forbearing or deferring payments on mortgages, automobile loans, and consumer loans; (ii) postponing foreclosures and evictions; (iii) ceasing automobile repossessions; (iv) waiving late fees and default interest for late payments; and (v) halting negative credit reporting. 

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