Banks would reject some IDs, and overseas money transfers would need proof of lawful status

Banks and other financial institutions, and check cashers, could not accept certain licenses or ID cards as proof of identity. This covers a license or ID card issued only to people not lawfully in the United States, and a card that looks like a regular one but is marked to show the holder did not prove lawful presence. For financial institutions, the rule applies to opening a deposit account, loan account, or safe deposit box, or getting any other service.

It would be unlawful to make a loan if the application lets an individual taxpayer identification number identify the borrower. This applies to loans made to individuals in Arizona. After an otherwise lawful and binding loan agreement is signed, a lender may ask for the borrower's taxpayer ID number if the borrower cannot get a Social Security number under federal law.

A business that sends money abroad for customers could not make the transfer unless the customer gives documents proving the customer is not in the country unlawfully. This applies to businesses authorized to send money from Arizona to other countries on behalf of an individual. Each month the business must send the state Department of Insurance and Financial Institutions a confirmation of who gave the required proof. The department would write rules, including which documents count as proof.

The department would fine a business that breaks the remittance rules and would check records and audit businesses. This applies to businesses authorized to send money abroad from Arizona. The fine equals 25 percent of the transfer amount, not counting the business's fees or charges. A person who believes in good faith that a business is breaking the rules may file a complaint, and the department acts on a valid complaint backed by evidence. Quarterly random audits would begin July 1, 2027.