Arizona § 20-474 - Service charges in connection with insurance on collateral security prohibited when mortgagee procures insurance
Full text of Arizona Arizona Revised Statutes § 20-474 — Service charges in connection with insurance on collateral security prohibited when mortgagee procures insurance, with citation guidance and answers to common questions.
§ 20-474. Service charges in connection with insurance on collateral security prohibited when mortgagee procures insurance
When a mortgagee or his agent at the inception of the mortgage procures the issuance of insurance for the mortgagor then the mortgagor may substitute a replacement policy within one year after the inception of the original policy procured by the mortgagee and it shall be unlawful for the mortgagee to charge an insurance service charge for services performed in changing the mortgagee's records and accounts.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-474
What does Arizona Revised Statutes § 20-474 cover?
Section 20-474 ("Service charges in connection with insurance on collateral security prohibited when mortgagee procures insurance") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 20-474?
A common citation format is "Arizona Revised Statutes § 20-474" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 20-474 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.