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Code · Arizona · Title 44 — State Government

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

54 words·~1 min read·/az/title-44/44-1208

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

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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