AZ HB2473

Requires dealers and brokers to establish independent escrow accounts for new manufactured homes and previously owned units with purchase prices of $50,000 or more, effective July 1, 2011.

Allows purchasers of previously owned manufactured homes priced under $50,000 to request independent escrow accounts, which dealers and brokers must provide upon request.

Makes failure to comply with independent escrow requirements a ground for disciplinary action against licensees, including suspension or revocation of licenses.

Modifies consumer recovery fund fee structure by eliminating the renewal fee assessment when the fund balance falls below $200,000 and removing the provision that reduces per-unit fees when the balance exceeds $400,000.

Authorizes the director and deputy director to refer investigations involving potential fraud to the attorney general or county attorneys for criminal or civil investigation, effective July 1, 2011.