Ariz. Rev. Stat. § 20-475

Current through L. 2024, ch. 259

Section 20-475 - Reasonable requirements of security holder are valid

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.

A.R.S. § 20-475