AZ HB2306

Amends section 20-1549 of the Arizona Revised Statutes relating to mortgage guaranty insurance policy forms and premium rates.

Requires mortgage guaranty insurers to file all policy forms, endorsements, and rates with the director pursuant to chapter 2, article 4.1.

Mandates that mortgage guaranty insurance policies for owner-occupied, single-family dwellings must provide that borrowers are not liable to the insurance company for any deficiency arising from a foreclosure sale.

Specifies that premium charges for mortgage guaranty insurance are not considered interest or other charges under laws limiting interest or other charges in connection with mortgage loans.

Requires insurance companies to adopt, print, and make available a schedule of premium charges showing the entire amount of premium charge for each type of mortgage guaranty insurance policy issued.