Arizona Laws 33-817. Transfer of secured contract
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The transfer of any contract or contracts secured by a trust deed shall operate as a transfer of the security for such contract or contracts.
Terms Used In Arizona Laws 33-817
- Contract: means a promise or a set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty, including but not limited to a note, a promissory note or provisions of any trust deed. See Arizona Laws 33-801
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.