A. An escrow agent shall accompany a rate filing with a statement setting forth the basis on which the rate was fixed and the manner in which the fees are to be computed. A filing may be justified by:

Terms Used In Arizona Laws 6-846.02

  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Escrow: means any transaction in which any escrow property is delivered with or without transfer of legal or equitable title, or both, and irrespective of whether a debtor-creditor relationship is created, to a person not otherwise having any right, title or interest therein in connection with the sale, transfer, encumbrance or lease of real or personal property, to be delivered or redelivered by that person upon the contingent happening or nonhappening of a specified event or performance or nonperformance of a prescribed act, when it is then to be delivered by such person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee or bailor, or any designated agent or employee of any of them. See Arizona Laws 6-801
  • Escrow agent: means any person engaged in the business of accepting escrows. See Arizona Laws 6-801

1. The experience or judgment of the escrow agent making the filing.

2. The escrow agent‘s interpretation of any statistical data on which the agent relied.

3. The experience of other escrow agents.

4. Any other factors that the escrow agent deems relevant.

B. The statement and justification shall be open to public inspection after the rate to which the statement and justification apply becomes effective.

  Previous section
Next section  
 Article 4 Contents