Loading chat...

AZ HB2479

Bill

Status

Passed

4/19/2010

Primary Sponsor

William Konopnicki

Click for details

Origin

House of Representatives

Forty-ninth Legislature - Second Regular Session (2010)

AI Summary

  • Amends Arizona Revised Statutes sections 12-1286 and 33-401 to establish requirements for identifying grantees in sheriff's deeds and property conveyances.

  • Requires that when a grantee is subject to regulation under titles 6, 10, or 29 (financial institutions, insurance, and securities), the deed must include the grantee's full name, address, state of incorporation/organization/licensing, and country of charter or formation.

  • Specifies that the validity of any deed shall not be affected by failure to comply with the grantee identification requirements.

  • Provides that within 30 days after execution, the sheriff must execute a duplicate original deed and record the original sheriff's deed with the county recorder.

  • States that information provided by the purchaser or redemptioner is not subject to verification and the sheriff is not responsible for authenticating the information.

Legislative Description

Foreclosure deeds; buyer identification

Last Action

Governor Signed

4/19/2010

Full Bill Text

No bill text available