4.2.11 Outlawing of Certain “Balloon” Payments.
| Jurisdiction | Arizona |
A.R.S. § 6-114 outlaws balloon payments (any installment greater than twice the smallest installment) on junior mortgages, deeds of trust, or other real property security on loans of $10,000 or less for a term up to 3 years. The section applies only to junior encumbrances...
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