Arizona Laws > Title 20 > Chapter 2 > Article 7 – Insurance on Collateral Security


§ 20-471	Definition of insurance service charge; limit; prohibited use
§ 20-472	Service charges in connection with insurance on collateral security prohibited when change of ownership
§ 20-473	Obligation of mortgagee to furnish mortgagor copies of insurance policy
§ 20-474	Service charges in connection with insurance on collateral security prohibited when mortgagee procures insurance
§ 20-475	Reasonable requirements of security holder are valid
§ 20-475.01	Insurance on mortgaged property; disclosure of expiration date prohibited; exception
§ 20-476	Violation; classification

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Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
Contract: A legal written agreement that becomes binding when signed.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}
Mortgagee: The person to whom property is mortgaged and who has loaned the money.
Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
Petty offense: A federal misdemeanor punishable by six months or less in prison. ^{Source: U.S. Courts}
Property: includes both real and personal property. See Arizona Laws 1-215
Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Writing: includes printing. See Arizona Laws 1-215

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