Arizona § 33-730 Limitation on deficiency judgment on mortgage or deed of trust as collateral for consumer goods

Arizona Statutes

§ 33-730 — Limitation on deficiency judgment on mortgage or deed of trust as collateral for consumer goods

Arizona·Title 33 Arizona Revised Statutes·Ch. 6 MORTGAGES·Art. 2 Foreclosure

A.If both a security agreement and a mortgage or deed of trust have been given to secure payment of the balance of the purchase price of real property and consumer goods or services or the balance of the combined purchase price of such real property and consumer goods or services, no deficiency shall lie thereunder if no deficiency would lie under the mortgage or deed of trust given under such transaction, notwithstanding any agreement to the contrary.

B.For the purposes of this section, consumer goods and services are goods and services used or acquired for use primarily for personal, family or household purposes.

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A. If both a security agreement and a mortgage or deed of trust have been given to secure payment of the balance of the purchase price of real property and consumer goods or services or the balance of the combined purchase price of such real property and consumer goods or services, no deficiency shall lie thereunder if no deficiency would lie under the mortgage or deed of trust given under such transaction, notwithstanding any agreement to the contrary.

B. For the purposes of this section, consumer goods and services are goods and services used or acquired for use primarily for personal, family or household purposes.

Arizona § 33-730 (Limitation on deficiency judgment on mortgage or deed of trust as collateral for consumer goods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.