{"data":{"id":"us-az/a.r.s.-6-834.01","jurisdiction":"us-az","citation":"A.R.S. § 6-834.01","heading":"Escrow; loan agreement","body":"An escrow agent may use monies in an escrow account only to make a onetime payment or multiple payments pursuant to the loan agreement unless one of the following applies:\n\n1. The loan agreement specifically states that the monies may be used for another purpose and that purpose is expressly stated in the loan agreement.\n\n2. A deed in lieu of foreclosure agreement specifically states the monies may be used for another purpose and that purpose is stated in the deed in lieu of foreclosure agreement.\n\n3. An agreement is entered into by the parties to negotiate a settlement of the loan and that agreement includes a provision for the use of the monies.\n\n4. An agreement is entered into by the parties that provides for a portion of the escrow account to be used to bring an account that is in arrears to a current status.","path":["Title 6 Banks and Financial Institutions"],"source_url":"https://www.azleg.gov/ars/6/00834-01.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"8182318c6817801f166825b7df9c146b57be31e6392b6e9511be9445e019cf68","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-6-834","next":"us-az/a.r.s.-6-835"},"notice":"GroundRules: Original legal text. Not legal advice."}