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2023 Arizona Revised Statutes
Title 44 - Trade and Commerce
§ 44-1208 - Loans secured by real estate; prohibited practices; insurance
Universal Citation:
AZ Rev Stat § 44-1208 (2023)
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44-1208. Loans secured by real estate; prohibited practices; insurance
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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