6-450. Modification agreements
88 words·~1 min read·
/az/title-6/6-450A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The association at any time may enter into a written agreement with the borrower to modify, in any manner not inconsistent with the provisions of this chapter, the terms of a loan as to the amount, time, or method of the payments to be made, the interest rate, and any other provisions of the loan contract, and the loan contract and the security instrument shall not be prejudiced by the making of any such modification, even if such a modification was not provided for in the loan contract.