Section R20-4-330. First Payment Date on Loans -- A.R.S. § 6-449(E)

The first payment date on loans shall not be later than as follows:

1.        Regular installment loans, other than (2), (3) and (4) hereof, six months from the date of the note;

2.        Construction loans:

Property Improvement - 12 months from date of note; One to Four Family Dwellings - 18 months from date of note;

All other construction loans - 36 months from date of note;

3.        Insured loans, not later than as acceptable to the insurer; and

4.        Guaranteed loans, not later than as acceptable to the guar- antor.

Effective 9-27-74.

Original Rule. R20-4-331 recodified from R4-4-331 (Supp. 95-1). Repealed effective September 19, 1996

(Supp. 96-3).