Arizona Statutes

§ 44-1208 — Loans secured by real estate; prohibited practices; insurance

Arizona·Title 44 Arizona Revised Statutes·Ch. 9 TRADE PRACTICES GENERALLY·Art. 1 Miscellaneous Provisions Relating to Loans
Except for consumer lender loans regulated pursuant to section 6-636, for any loan that is secured by real property, a person shall not require as a condition of the loan that the borrower obtain property insurance coverage in an amount that exceeds the replacement cost of the improvements as established by the property insurer.

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