Arizona § 20-1545 Limitation on investment

Arizona Statutes

§ 20-1545 — Limitation on investment

Arizona § 20-1545

Title 20Arizona Revised Statutes

Ch. 6PARTICULAR TYPES OF INSURANCE

Art. 8.Mortgage Guaranty Insurance

This text of Arizona § 20-1545 (Limitation on investment) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 20-1545 (2026).

Text

A mortgage guaranty insurance company shall not invest in notes or other evidences of indebtedness secured by mortgage or other lien upon real property. This section shall not apply to obligations secured by real property, or contracts for the sale of real property, which are acquired in the course of the good faith settlement of claims under policies of insurance issued by the mortgage guaranty insurance company or in the good faith disposition of real property so acquired.

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A mortgage guaranty insurance company shall not invest in notes or other evidences of indebtedness secured by mortgage or other lien upon real property. This section shall not apply to obligations secured by real property, or contracts for the sale of real property, which are acquired in the course of the good faith settlement of claims under policies of insurance issued by the mortgage guaranty insurance company or in the good faith disposition of real property so acquired.