Arizona Statutes
§ 20-474 — Service charges in connection with insurance on collateral security prohibited when mortgagee procures insurance
Arizona·Title 20 Arizona Revised Statutes·Ch. 2 TRANSACTION OF INSURANCE BUSINESS·Art. 7 Insurance on Collateral Security
When a mortgagee or his agent at the inception of the mortgage procures the issuance of insurance for the mortgagor then the mortgagor may substitute a replacement policy within one year after the inception of the original policy procured by the mortgagee and it shall be unlawful for the mortgagee to charge an insurance service charge for services performed in changing the mortgagee's records and accounts.
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Arizona § 20-474 (Service charges in connection with insurance on collateral security prohibited when mortgagee procures insurance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
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Prohibited practices