Ariz. Admin. Code § 4-28-B1210

Current through Register Vol. 30, No. 45, November 8, 2024

Section R4-28-B1210 - Earnest Money

The developer shall deposit earnest money and down payments in a neutral depository if:

1. The seller is in bankruptcy;

2. The sale is conditional pursuant to R4-28-B1202; or

3. The Department perceives a risk to the buyer.

Ariz. Admin. Code § R4-28-B1210

Section R4-28-B1210 adopted by final rulemaking at 5 A.A.R. 650, effective February 3, 1999 (Supp. 99-1).