Ariz. Admin. Code § 20-4-1908

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

Section R20-4-1908 - Impound Accounts

The total of all funds, if any, retained by the commercial mortgage banker from all periodic payments made by the borrower to maintain a Cushion, as defined in R20-4-102, is limited only by the written agreement of the parties, if at all.

Ariz. Admin. Code § R20-4-1908

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