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Our Mission

To regulate and supervise the financial institutions and enterprises of Arizona according to statutes in ways that will not unreasonably impede economic growth or business activity and provide consumer support to the greatest possible extent.

Latest News

Foreclosure Prevention Workshop - May 10th, 2008 at Phoenix City Hall

Individual counseling sessions will be available following the panel discussion in English and Spanish. Credit and housing counselors, loan servicers, and lenders will be available for brief individual consultations throughout the day on a first-come, first-served basis. Please bring your loan documents and other financial information with you to the workshop!

For questions or more information, call 602-258-1659.

Superintendent Rotellini – Warns Arizonans not to fall prey to deceptive mortgage advertising
Superintendent Rotellini said in her April 10 warning to Arizonans, “Arizona law prohibits deceptions and misrepresentations, including concealing an essential or material fact in the course of the mortgage business.”

Governor Napolitano - Proclaims April as Financial Literacy Month

In her March 27, 2008 Press Release announcing that April 2008 is Financial Literacy Month in Arizona, Governer Napolitano said "Learning how to save and manage wisely is part of a vital lifelong education". The Governor's Proclamation adds Arizona's participation to the national effort to promote April as National Financial Literacy Month.

Glendale Man, Woman Indicted in $950,000 Theft Case

Attorney General Terry Goddard and Felecia A. Rotellini, Superintendent of the Department of Financial Institutions, announced the indictment today of Lisa Gorney, 40, and Eduardo Nicholson, 42, both of Glendale, on
charges of theft, fraud and illegally conducting an enterprise. Click here to continue

Foreclosure Help

The Department of Financial Institutions announces a new addition to this web site called Foreclosure Help. You are invited to check this resource frequently as we add information that will help if you face foreclosure or believe you may.

Mandatory Reporting Rule

On Friday, December 7, 2007, the Arizona Secretary of State published a Notice of Proposed Rulemaking for this project in the Arizona Administrative Register.  The full text of the notice is available on this website.

First Magnus Mortgage - Bankruptcy Filing

On August 21, 2007, First Magnus Financial Corporation filed a petition for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Arizona, and will no longer be funding any mortgage loans. At this time, this matter is under the jurisdiction of the United States Bankruptcy Court. Borrowers may contact First Magnus Financial Corporation with questions at 1-866-901-7655. Employees searching for Human Resources information should proceed to the company's website, www.firstmagnus.com.

First Magnus Mortgage - Summary Suspension

On August 16, 2007 this Department issued and served an Order of Summary Suspension against First Magnus Financial Corporation, suspending the seven licenses it held to practice Mortgage Banking in Arizona. While that administrative action is pending, First Magnus does not have the legal authority to act as a Mortgage Banker in Arizona.

Contact Information:
	Telephone:	(602) 255-4421	Toll-free: (800) 544-0708
	FAX:	(602) 381-1225
	Postal Address:	2910 N. 44th Street, Suite 310 Phoenix, AZ  85018
	email:

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© 2007 Arizona Department of Financial Institutions. All rights reserved.