Arizona disclosure requirements

Arizona requires that each residential mortgage loan note or agreement include a disclosure in English and Spanish near the signature line, informing the borrower that they may request TILA disclosures in Spanish before signing (A.R.S. § 6-631(B)). This disclosure is required at closing. Additionally, licensees must display a sign at each desk where loans are closed with a similar notice and a notice that copies may be taken away for review before signing. For home equity lines of credit, periodic statements must be mailed within 14 days after each monthly billing cycle.