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AZ HB2283
Bill
Status
1/24/2011
Primary Sponsor
Debbie McCune-Davis
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AI Summary
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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.
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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.
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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.
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Affidavit is considered complete if all required information is stated or indicated as "not applicable" on the approved form.
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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