Arizona Administrative Code (Last Updated: November 17, 2016) |
Title 20. COMMERCE, FINANCIAL INSTITUTIONS, AND INSURANCE |
Chapter 4. DEPARTMENT OF FINANCIAL INSTITUTIONS |
Article 9. MORTGAGE BROKERS |
Section R20-4-919. Deposit of Monies Received by a Mortgage Broker
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All monies received by a mortgage broker which are required to be deposited into an escrow account with an escrow agent licensed pursuant to A.R.S. § 6-801 et seq. shall be so deposited by 5:00
p.m. on the next business day after receipt of the funds.
Historical Note
Adopted effective August 14, 1991 (Supp. 91-3). R20-4-
919 recodified from R4-4-919 (Supp. 95-1).