Arizona Laws 33-701. Interests which may be mortgaged; formal requirements; recording
Current as of: 2023 | Check for updates
|
Other versions
A. Any interest in real property capable of being transferred may be mortgaged.
Terms Used In Arizona Laws 33-701
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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
B. A mortgage may be created, renewed or extended only by writing executed with the formalities required of a grant of real property, and may be acknowledged, certified and recorded in like manner and with like effect.