6-841.03 - Arizona Statutes

6-841.03. Notice of uninsured monies; rules When an escrow is established and not later than three business days after an escrow agent receives any escrow monies, the escrow agent shall provide a complete and accurate disclosure to each buyer and seller of a residential dwelling as defined in section 6-841.02 that monies deposited in an escrow account are not insured against loss from fraud or theft by this state or the United States government. The superintendent by rule may prescribe requirements for the disclosure form.