Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 20. Insurance |
Chapter 2. TRANSACTION OF INSURANCE BUSINESS |
Article 7. Insurance on Collateral Security |
Sec 20-475.01. Insurance on mortgaged property; disclosure of expiration date prohibited; exception
Latest version.
-
When a real property mortgage or a lending agreement in connection with a loan on real property provides that the mortgagor or borrower shall furnish insurance upon the mortgaged property, the mortgagee, assignee or creditor shall not disclose expiration dates or other policy information to other persons, directly or indirectly, for the purpose of permitting any person or persons to solicit the insurance or any renewal thereof without the consent of the policyholder in writing.