Arizona § 35-707 - Assumption of mortgage loans
Full text of Arizona Arizona Revised Statutes § 35-707 — Assumption of mortgage loans, with citation guidance and answers to common questions.
§ 35-707. Assumption of mortgage loans
Notwithstanding the provisions of any other law, a corporation may prohibit the assumption of any single family mortgage loan purchased by it in accordance with the provisions of section 35-706 and require prepayment of the loan if the person proposing to assume the loan or the single family dwelling unit to which the loan relates fails to meet such eligibility criteria relating to mortgagors or single family dwelling units, respectively, as may be established by the corporation as the purchaser of such loan.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 35-707
What does Arizona Revised Statutes § 35-707 cover?
Section 35-707 ("Assumption of mortgage loans") 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 § 35-707?
A common citation format is "Arizona Revised Statutes § 35-707" (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 § 35-707 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.