Arizona § 20-1553 - Conflict of interest
Full text of Arizona Arizona Revised Statutes § 20-1553 — Conflict of interest, with citation guidance and answers to common questions.
§ 20-1553. Conflict of interest
A. If it is a member of a holding company system, a mortgage guaranty insurance company licensed to transact business in this state shall not, as a condition of its certificate of authority, knowingly underwrite mortgage guaranty insurance on mortgages originated by the holding company system or an affiliate or on mortgages originated by any mortgage lender to which credit is extended, directly or indirectly, by the holding company system or any affiliate unless such insurance is underwritten on the same basis, for the same consideration and subject to the same insurability requirements as insurance provided to nonaffiliated lenders.
B. A mortgage guaranty insurance company, the holding company system of which it is a part or any affiliate shall not, as a condition of the mortgage guaranty insurance company's certificate of authority, pay any commissions, remuneration, rebates or engage in activities proscribed in sections 20-1551 and 20-1552.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-1553
What does Arizona Revised Statutes § 20-1553 cover?
Section 20-1553 ("Conflict of interest") 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 § 20-1553?
A common citation format is "Arizona Revised Statutes § 20-1553" (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 § 20-1553 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.