AZ HB2682

Amends notice of trustee's sale requirements to include a statement that the trustee may postpone the sale one or more times and shall make rescheduled dates available to interested persons upon request.

Adds Article 26 to Title 44, Chapter 9, establishing comprehensive duties and prohibitions for mortgage loan servicers, including requirements for good faith and fair dealing, pursuit of loss mitigation options before foreclosure, and accurate foreclosure documentation.

Requires servicers to establish single points of contact, provide written acknowledgement of loss mitigation requests within 10 business days, complete evaluation of eligibility within 30 days, and maintain effective escalation processes for borrower disputes.

Prohibits servicers from engaging in unlawful practices, misrepresenting material information about fees, loan terms, or loan modification details, and from initiating foreclosure while borrowers are being considered for loss mitigation or are in trial/permanent modifications with less than 30 days default.

Establishes that violations of servicer requirements constitute unlawful practices under Arizona consumer protection law and creates a private right of action for persons harmed by violations.