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AZ HB2555

Bill

Status

Passed

5/11/2016

Primary Sponsor

Jeff Weninger

Click for details

Origin

House of Representatives

Fifty-second Legislature - Second Regular Session (2016)

AI Summary

HB2555 Summary

  • Judgment liens on real property require recording both a certified copy of the judgment and an information statement in substantial compliance with sections 33-961 and 33-967 to become effective.

  • Civil judgments in favor of the state are exempt from the requirement to record a separate information statement and become liens upon recording alone.

  • Civil judgment liens obtained by the state remain in effect until satisfied or lifted, rather than expiring after five years like other judgment liens.

  • Judgments recorded without the required information statement do not become liens until the judgment creditor records an amendment to the recorded judgment containing the complete information statement.

  • The exemption for state civil judgments applies retroactively to all judgments in favor of the state regardless of when the judgment was recorded.

Legislative Description

Judgment liens; recorded information statement

Last Action

Chapter 202

5/11/2016

Full Bill Text

No bill text available