Arizona § 20-1614 - Debtor's option in satisfying security
Full text of Arizona Arizona Revised Statutes § 20-1614 — Debtor's option in satisfying security, with citation guidance and answers to common questions.
§ 20-1614. Debtor's option in satisfying security
When consumer credit insurance is required as a condition to a loan or credit transaction or as security for a debt, if so permitted by law, the debtor, upon request to the creditor, shall have the option of satisfying the requirements by furnishing existing policies of insurance in sufficient amount owned or controlled by the debtor or by procuring the necessary coverage from any insurer authorized by the director.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 20-1614
What does Arizona Revised Statutes § 20-1614 cover?
Section 20-1614 ("Debtor's option in satisfying security") 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 § 20-1614?
A common citation format is "Arizona Revised Statutes § 20-1614" (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 § 20-1614 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.