Arizona Revised Statutes § 6-846.02 Justification For Escrow Rates

6-846.02. Justification for escrow rates

A. An escrow agent shall accompany a rate filing with a statement setting forth the basis on which the rate was fixed and the manner in which the fees are to be computed. A filing may be justified by:

1. The experience or judgment of the escrow agent making the filing.

2. The escrow agent's interpretation of any statistical data on which the agent relied.

3. The experience of other escrow agents.

4. Any other factors that the escrow agent deems relevant.

B. The statement and justification shall be open to public inspection after the rate to which the statement and justification apply becomes effective.

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Last modified: October 13, 2016