Ariz. Admin. Code § 20-4-1811

Current through Register Vol. 30, No. 52, December 27, 2024

Section R20-4-1811 - Impound Account

The total of all funds retained by a mortgage banker from all periodic payments made by a borrower to maintain a cushion, as defined in R20-4-102, shall not exceed 1/6th of the estimated total annual payments from the impound account.

Ariz. Admin. Code § R20-4-1811

New Section adopted by final rulemaking at 5 A.A.R. 2094, effective June 10, 1999 (Supp. 99-2).