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AZ HB2479
Bill
Status
4/19/2010
Primary Sponsor
William Konopnicki
Click for details
AI Summary
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Amends Arizona Revised Statutes sections 12-1286 and 33-401 to establish requirements for identifying grantees in sheriff's deeds and property conveyances.
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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.
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Specifies that the validity of any deed shall not be affected by failure to comply with the grantee identification requirements.
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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.
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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