Arizona Laws 20-475.01. Insurance on mortgaged property; disclosure of expiration date prohibited; exception
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When a real property mortgage or a lending agreement in connection with a loan on real property provides that the mortgagor or borrower shall furnish insurance upon the mortgaged property, the mortgagee, assignee or creditor shall not disclose expiration dates or other policy information to other persons, directly or indirectly, for the purpose of permitting any person or persons to solicit the insurance or any renewal thereof without the consent of the policyholder in writing.
Terms Used In Arizona Laws 20-475.01
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
- Property: includes both real and personal property. See Arizona Laws 1-215
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Writing: includes printing. See Arizona Laws 1-215