10 Ariz. Admin. Code § R10-2-110

A. Conduct prohibited by A.R.S. § 41-1491.20 includes:
1. Failing or refusing to provide to any person in connection
with a residential real estate-related transaction information regarding the availability of loans or other financial
assistance, application requirements, procedures, or standards for the review and approval of loans or financial
assistance, or providing information which is inaccurate
or different from that provided others, because of race,
color, religion, sex, handicap, familial status, or national
origin;
2. Purchasing loans or other debts or securities which relate
to, or which are secured by dwellings in certain communities or neighborhoods but not in others because of the
race, color, religion, sex, handicap, familial status, or
national origin of persons in such neighborhoods or communities;
3. Pooling or packaging loans or other debts or securities
which relate to, or which are secured by, dwellings differently because of race, color, religion, sex, handicap,
familial status, or national origin; and
4. Imposing or using different terms or conditions in the
marketing or sale of securities issued on the basis of loans
or other debts or securities which relate to, or which are
secured by dwellings because of race, color, religion, sex,
handicap, familial status, or national origin.
B. It shall be unlawful for any person or entity engaged in the
making of loans or in the provision of other financial assistance relating to the purchase, construction, improvement,
repair, or maintenance of dwellings, or which are secured by
residential real estate, to impose different terms or conditions
for the availability of such loans or other financial assistance
because of race, color, religion, sex, handicap, familial status,
or national origin. Unlawful conduct includes:
1. Using different policies, practices, or procedures in evaluating or in determining credit-worthiness of any person
in connection with the provision of any loan or other
financial assistance for a dwelling or for any loan or other
financial assistance which is secured by residential real
estate because of race, color, religion, sex, handicap,
familial status, or national origin; and
2. Determining the type of loan or other financial assistance
to be provided with respect to a dwelling, or fixing the
amount, interest rate, duration, or other terms for a loan
or other financial assistance for a dwelling which is
secured by residential real estate, because of race, color,
religion, sex, handicap, familial status, or national origin.
C. Notwithstanding A.R.S. § 41-1491.05, it is unlawful to use an
appraisal of residential real property in connection with the
sale, rental, or financing of any dwelling where the person
knows or reasonably should know that the appraisal improperly takes into consideration race, color, religion, sex, handicap, familial status, or national origin.
D. It is unlawful for any person or entity engaged in the purchasing of loans or other debts or securities which support the purchase, construction, improvement, repair, or maintenance of a
dwelling, or which are secured by residential real estate, to
refuse to purchase such loans, debts, or securities, or to impose
different terms or conditions for such purchases, because of
race, color, religion, sex, handicap, familial status, or national
origin.
E. This Section does not prevent consideration, in the purchasing
of loans, of factors justified by business necessity, including
requirements of federal law, relating to a transaction’s financial security or to protection against default or reduction of the

value of the security. A business necessity connotes an irresistible demand, and not only fosters the above goals but is essential to them. This provision does not preclude necessary
considerations employed in normal and prudent transactions,
provided that no such factor may in any way relate to race,
color, religion, sex, handicap, familial status, or national origin.

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