# A.R.S. § 20-1548: 20-1548 Underwriting discrimination

> Arizona · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1548

## Section

- **Citation:** A.R.S. § 20-1548
- **Heading:** 20-1548 Underwriting discrimination
- **Jurisdiction:** Arizona
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Arizona Code / Title 20 / Chapter 6 / Article 8.1 / Section 1548

## Text

20-1548. Underwriting discrimination

A. Nothing in this article shall be construed as limiting the right of any mortgage guaranty insurance company to impose reasonable requirements upon the lender with regard to the terms of any note or bond or other evidence of indebtedness secured by a mortgage or deed of trust, such as requiring a stipulated down payment by the borrower.

B. A mortgage guaranty insurance company shall not discriminate in the issuance or extension of mortgage guaranty insurance on the basis of the applicant's sex, marital status, race, color, creed or national origin.

C. No policy of mortgage guaranty insurance, excluding policies of reinsurance, shall be written unless the insurer shall have conducted a reasonable and thorough examination of:

1. The evidence supporting credit worthiness of the borrower.

2. The appraisal report reflecting market evaluation of the property and shall have determined that prudent underwriting standards have been met.

## Nearby sections

- [A.R.S. § 20-1541 20-1541 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1541.md)
- [A.R.S. § 20-1542 20-1542 Capital and surplus](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1542.md)
- [A.R.S. § 20-1543 20-1543 Limitation on geographic concentration](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1543.md)
- [A.R.S. § 20-1544 20-1544 Limitation on advertising](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1544.md)
- [A.R.S. § 20-1545 20-1545 Limitation on investment](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1545.md)
- [A.R.S. § 20-1547 20-1547 Mortgage guaranty insurance as monoline](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1547.md)
- [A.R.S. § 20-1548 20-1548 Underwriting discrimination](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1548.md)
- [A.R.S. § 20-1549 20-1549 Policy forms and premium rates filed](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1549.md)
- [A.R.S. § 20-1550 20-1550 Minimum policyholder position; definitions](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1550.md)
- [A.R.S. § 20-1551 20-1551 Rebates, commissions and charges](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1551.md)
- [A.R.S. § 20-1552 20-1552 Compensating balances prohibited](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1552.md)
- [A.R.S. § 20-1553 20-1553 Conflict of interest](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1553.md)
- [A.R.S. § 20-1554 20-1554 Unearned premium reserve](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1554.md)
- [A.R.S. § 20-1555 20-1555 Loss reserve](https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1555.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AZ_T20_C6_A8.1_S1548. Check the current official text before relying on it. Not legal advice.