People also ask
What is an AAR application?
The AAR Organization Application is used by organizations to begin the process of registration and by registered organizations to submit a triennial update. The application is now completed online through the Registry portal. Organizations seeking initial enrollment should first submit the Organization Enrollment Form.
Is a loan status update required in Arizona?
The purchase contract prepared by the AAR requires the buyer to have a lender provide loan status updates to the seller and the real estate agents involved in the transaction using the specific Loan Status Update form.
What is LSU in AZ real estate?
1. Pursuant to Section 2e of the Contract, Buyer shall deliver to Seller the AAR Loan Status Update (\u201cLSU\u201d) describing the current 2. status of Buyer's proposed loan within ten (10) days after Contract acceptance and hereby instructs lender to provide an updated 3.
What is an LSU form in real estate?
When opening escrow one of the important documents to provide to your Escrow Officer is the Loan Status Update aka \u201cLSU\u201d. The LSU allows for delivery to the Seller within five days after contract acceptance.
What is an LSU in Arizona?
LOAN STATUS UPDATE (LSU)
arizona loan status update