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AZ HB2283

Bill

Status

Introduced

1/24/2011

Primary Sponsor

Debbie McCune-Davis

Click for details

Origin

House of Representatives

Fiftieth Legislature - First Regular Session (2011)

AI Summary

  • Amends Arizona Revised Statutes section 11-1133 to require an affidavit of legal value be appended to all deeds and real property sale contracts at the time of recording, containing specified information about the transaction.

  • Affidavit must include buyer and seller names/addresses, legal description, situs address, sale date, total consideration, financing type, personal property value, assessor's parcel number, transaction conditions and party relationships, property use/occupancy type, and contact person information.

  • County recorders are required to refuse recording any deed or contract unless a complete affidavit is appended or the instrument bears an exemption notation per section 11-1134.

  • Affidavit is considered complete if all required information is stated or indicated as "not applicable" on the approved form.

  • Creates a deceptive practice violation under title 44, chapter 10, article 7 for any person who knowingly files a deed or contract with an incomplete or incorrect affidavit.

Legislative Description

Real estate transfers; disclosures

Last Action

Referred to House COM Committee

1/25/2011

Full Bill Text

No bill text available