Arizona Notice of Mortgage Payment Change is a document used by mortgage lenders to notify borrowers of changes to their mortgage payment amount. This notice is typically sent when a loan is transferred to a new lender or service, when an escrow or other account is closed or opened, when taxes or insurance are paid, or when there is a change in the interest rate or other terms of the loan. In Arizona, this notice is required to be sent to the borrower at least 15 days prior to the date of the first payment due under the new terms. The two types of Arizona Notice of Mortgage Payment Change are the Notice of Transfer and Change in Terms (NTC) and the Notice of Escrow and Other Account Change (NEC). The NTC is sent when the mortgage loan is transferred to a new service or lender and there is a change in the terms of the loan. The NEC is sent when a mortgage loan has an escrow or other account that is opened or closed, or when taxes and insurance are paid.