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AZ HB2720

Bill

Status

Introduced

1/31/2012

Primary Sponsor

Carl Seel

Click for details

Origin

House of Representatives

Fiftieth Legislature - Second Regular Session (2012)

AI Summary

  • Requires any trustee recording a notice of sale to also record an affidavit signed under penalty of perjury that discloses prior and current parties' interests in the deed of trust.

  • The affidavit must list in chronological order the full names, current addresses, dates, recordation numbers, and descriptions of instruments for each party with an interest in the deed of trust.

  • The affidavit must be recorded at the same time and place as the notice of trustee's sale and a copy must be included with the mailed notice of trustee's sale.

  • Failure to properly record and mail the affidavit voids the notice of sale.

  • Persons with an interest in the trust property may file an action to void the trustee's sale for non-compliance and are entitled to recover attorney fees and damages if they substantially prevail.

Legislative Description

Notice of sale; trustee; affidavit

Last Action

Referred to House RULES Committee

2/6/2012

Full Bill Text

No bill text available