{"data":{"id":"us-az/a.r.s.-6-846.04","jurisdiction":"us-az","citation":"A.R.S. § 6-846.04","heading":"Deviations in escrow rates; civil penalty","body":"A. An escrow agent may not deviate from his escrow rates that are in effect pursuant to section 6-846.01.\n\nB. If the deputy director finds that an escrow rate has been charged that deviates from the escrow rate in effect pursuant to section 6-846.01, the escrow agent may be subject to a penalty that is equal to the difference between the rate charged and the allowable rate in effect pursuant to section 6-846.01.\n\nC. If the deputy director finds that an escrow agent knowingly or with such frequency as to indicate a general business practice violated subsection A of this section with respect to a particular provision of the applicable escrow rate, the deputy director, in addition to the penalty imposed under subsection B of this section, may:\n\n1. For each violation, impose an additional penalty of not more than two times the penalty imposed under subsection B of this section.\n\n2. Revoke the escrow agent's license.\n\nD. In addition to penalties imposed under subsection B or C of this section, the deputy director may impose civil penalties pursuant to section 6-132 if the deputy director finds that an escrow agent knowingly violated subsection A of this section with respect to a particular provision of the applicable escrow rate by charging rates that are greater than the rates allowable pursuant to section 6-846.01.","path":["Title 6 Banks and Financial Institutions"],"source_url":"https://www.azleg.gov/ars/6/00846-04.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":"518a12fdc999b9d01f3fcaf5c97795859287283dd512797cd4d80571773774f1","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-6-846.03","next":"us-az/a.r.s.-6-851"},"notice":"GroundRules: Original legal text. Not legal advice."}