Pursuant to Arizona Administrative Code R20-4-104, the Director has the discretion to accept alternative application forms, but it does not limit the Director's power to require additional information necessary to complete an application.

Please refer to Arizona Revised Statutes §6-851 through 6-870.2 and Arizona Administrative Code R20-4-801 through 816 for Arizona Law.

Inquiries should be directed to Financial Institutions at [email protected]. For more information, see the “Contact Us” tab.

Arizona Revised Statutes §6-126 et seq.

A.R.S. §6-861. Reports
A. The Director may require reports of financial condition and relevant information concerning the business operations of each trust company, shall fix and extend the time for the filing of such reports and shall assess a penalty of fifty dollars for each day the trust company is delinquent

A.A.C. R20-4-805. Reports
A. Within 90 days following each December 31, each trust department and trust company shall file an annual report of trust assets with the Director on the form prescribed by the Director . The annual report shall include the current market value of all trust assets held by the trust department or trust company as of December 31. The report shall also identify and briefly describe all transactions conducted in the report period that are regulated by R20-4-812(E) through R20-4-812(G).
B. Each trust company shall deliver a copy of its annual report and certificate of disclosure to the Director within 10 days of filing the report and certificate at the Arizona Corporation Commission. A report or certificate covered by this subsection is one filed under the authority of A.R.S. §§ 10-202 or 10-1622. A copy delivered to the Director , as required in this subsection, shall be date-stamped by the Arizona Corporation Commission to confirm the actual filing date.
C. Each trust company shall notify the Director of any change in the directors or officers of the company within 10 days of the change. Any trust company with more than 25 officers may, after obtaining the Director 's written approval, limit the officers covered by this subsection to those with substantial involvement in the trust company's corporate operations or in the trust company's trust business in this state.

Arizona Revised Statutes Title 6

Chapter 8   TRUST COMPANIES

Arizona Administrative Code Title 20

Substantive Policy Statements

Regulatory Alerts -

Regulatory Bulletin TC-05-01 

Before January 15 of each year, each licensee may obtain a renewal of a certificate by filing an application in the form prescribed by the Director and paying the fee prescribed in A.R.S. §6-126.

License Year:  January 1 through December 31.
Renewal Package Due: January 1 through January 15: Without Penalty

You must submit to DIFI, Financial Institutions Division, a completed application package along with the applicable application fee.

It is the policy of DIFI to select the most effective and efficient methods of conducting examinations so that significant risks affecting safety and soundness, as well as substantive statutory compliance, can be identified and, if necessary, appropriate supervisory action taken. Judgment must be utilized to ensure that necessary procedures are performed and ineffective activities are avoided.
The examination fee in accordance with A.R.S. 6-125 is not more than sixty-five dollars per hour for each examiner. The assessment late penalty is fifty dollars for each day after the thirty day period the enterprise fails to remit the assessment not to exceed the examination assessment amount.

Pursuant to A.R.S. §6-122(B)(1) examination frequency is at least once in every year and more frequently if the Director considers it necessary.

DIFI has adopted a new internet-based encryption e-mail system called Virtru. Virtru will keep your submissions confidential.  Click HERE for more information.