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 R20-4-922. Determining Loan Amounts
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In determining the amount of a mortgage loan pursuant to A.R.S. § 6-909(D) or (G), only the principal amount of the loan shall be considered and not any points, interest, finance charges, insurance premiums of any kind, compensation paid to third parties or compensation retained by the mortgage broker or its agents.
Historical Note
Adopted effective August 14, 1991 (Supp. 91-3). R20-4-
922 recodified from R4-4-922 (Supp. 95-1).