Arizona Statutes
§ 20-475 — Reasonable requirements of security holder are valid
Arizona·Title 20 Arizona Revised Statutes·Ch. 2 TRANSACTION OF INSURANCE BUSINESS·Art. 7 Insurance on Collateral Security
Nothing in this article shall prevent a mortgagee, lender, vendor, or holder from requiring insurance on the collateral security for a loan or exercising a reasonable privilege of approval or disapproval of the insurance provided for such purpose by the borrower, mortgagor or purchaser.
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