{"data":{"id":"us-az/a.r.s.-6-840","jurisdiction":"us-az","citation":"A.R.S. § 6-840","heading":"Prohibitions; definitions","body":"A. An escrow agent shall not accept any escrow in which a participant in the escrow is an affiliate of the escrow agent unless:\n\n1. The affiliation is disclosed to all nonaffiliated participants in writing by the escrow agent.\n\n2. Use of the affiliated escrow agent is not required by the affiliate as a condition of making a loan or entering into any other agreement with the nonaffiliated participants.\n\nB. For the purpose of this section:\n\n1. \"Controlled escrow business\" means the handling of an escrow by an escrow agent where an affiliate of the escrow agent is a participant in the escrow transaction.\n\n2. \"Participant\" means the buyer, seller, lender, mortgage broker, mortgage banker, real estate broker or real estate salesman or any person who is a party to the escrow transaction.","path":["Title 6 Banks and Financial Institutions"],"source_url":"https://www.azleg.gov/ars/6/00840.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":"de880bc77295b23c20816359bece792a0b9212a4501a9198e15d9f175caaa8fd","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-6-839","next":"us-az/a.r.s.-6-841"},"notice":"GroundRules: Original legal text. Not legal advice."}