Ariz. Admin. Code § R20-4-1908
The total of all funds, if any, retained by the commercial mortgage banker from all periodic payments made by the borrower to maintain a cushion, as defined in R20-4-102, is limited only by the written agreement of the parties, if at all.
New Section adopted by final rulemaking at 5 A.A.R. 2094, effective June 10, 1999 (Supp. 99-2). Amended by final rulemaking at 31 A.A.R. 2330 (July 11, 2025), effective August 17, 2025 (Supp. 25-2).