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Code · Arizona · Title 20 — Infants and Incompetents

20-475. Reasonable requirements of security holder are valid

44 words·~1 min read·/az/title-20/20-475

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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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