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2024 Arizona Revised Statutes
Title 20 - Insurance
§ 20-472 - Service charges in connection with insurance on collateral security prohibited when change of ownership
Universal Citation:
AZ Rev Stat § 20-472 (2024)
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20-472. Service charges in connection with insurance on collateral security prohibited when change of ownership
It is unlawful for a mortgagee to require the payment of any insurance service charge for services performed in changing of the mortgagee's records and accounts with regard to a change in ownership of the insured property held as security by the mortgagee and with regard to which the mortgagee issues a written beneficiary statement or assumption statement.
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