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AZ HB2637

Bill

Status

Introduced

2/12/2019

Primary Sponsor

Kevin Payne

Click for details

Origin

House of Representatives

Fifty-fourth Legislature - First Regular Session (2019)

AI Summary

  • Amends Arizona law governing lien priority for condominium and planned community associations seeking to collect unpaid assessments.

  • Removes sellers' interests in first contracts for sale from the list of liens that take priority over association assessment liens, making association liens senior to such contract interests.

  • Maintains that association liens for assessments remain subordinate only to pre-declaration liens and real estate tax liens, and subordinate to first mortgages and first deeds of trust.

  • Applies the same assessment lien provisions to both condominium associations (A.R.S. § 33-1256) and planned community associations (A.R.S. § 33-1807).

Legislative Description

Condominium, homeowners' associations; lien priority

Homeowners' Associations

Last Action

House read second time

2/13/2019

Full Bill Text

No bill text available