AZ HB2617

Increases homestead exemption from $150,000 to $250,000 in value for persons 18 years and older residing in Arizona.

Allows judgment liens to attach to homestead property only when the debtor's equity exceeds the homestead exemption amount, with title insurers able to record notices of partial release when certain conditions are met.

Establishes a procedure requiring title insurers to notify judgment creditors at least 20 days before a homestead sale is final if the anticipated payment to the debtor equals 80% or more of the homestead exemption, with creditors having 20 days to object.

Requires judgment creditors to be paid in full from cash refinancing proceeds of homestead property before the debtor receives any proceeds, with new judgment liens subordinated by operation of law in subsequent refinances.

Effective date of December 31, 2021 for all amended sections regarding judgment enforcement, homestead exemptions, and judgment lien procedures.