Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 6. Banks and Financial Institutions |
Chapter 9. MORTGAGE BROKERS, MORTGAGE BANKERS AND LOAN ORIGINATORS |
Article 4. Loan Originators |
Sec 6-991.08. Reasonable efforts to secure advantageous loan for borrower
Latest version.
-
A loan originator shall make reasonable efforts to secure a loan that is reasonably advantageous to the borrower considering all of the circumstances, including the interest rates, charges and repayment terms of the loan.