Arizona § 6-841 Internal control structure; definition

Arizona Statutes

§ 6-841 — Internal control structure; definition

Arizona § 6-841

Title 6Arizona Revised Statutes

Ch. 7ESCROW AGENTS

Art. 3Regulations

This text of Arizona § 6-841 (Internal control structure; definition) 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. § 6-841 (2026).

Text

A.An escrow agent shall adopt a systematic internal control structure to ensure that persons employed by or associated with the escrow agent's business do not make significant errors or perpetuate significant irregularities or fraud without timely detection.

B.For purposes of this section, "internal control structure" means the policies and procedures established to provide reasonable assurance that the escrow agent will achieve the following objectives:

1.Safeguarding of the customers' assets.

2.Reliability in financial reporting.

3.Reliability in recording of all escrow transactions.

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A. An escrow agent shall adopt a systematic internal control structure to ensure that persons employed by or associated with the escrow agent's business do not make significant errors or perpetuate significant irregularities or fraud without timely detection.

B. For purposes of this section, "internal control structure" means the policies and procedures established to provide reasonable assurance that the escrow agent will achieve the following objectives:

1. Safeguarding of the customers' assets.

2. Reliability in financial reporting.

3. Reliability in recording of all escrow transactions.