HB2023 Summary

• Requires sellers of five or fewer unincorporated county parcels to provide written disclosure affidavits to buyers at least seven days before transfer, with buyer acknowledgment of receipt.

• Allows the seller or their licensed escrow agent to record the executed affidavit of disclosure simultaneously with the deed, with escrow agents receiving liability protection for inaccurate affidavit information.

• Adds new disclosure requirements to the affidavit form including water hauler information for properties requiring water transportation, private well registration status with the Arizona Department of Water Resources, battery energy storage device leasing details, and penalties for unlawfully dividing land into six or more parcels in concert.

• Clarifies that trustees conducting trustee's sales, officers conducting execution or foreclosure sales, and personal representatives of estates are exempt from disclosure requirements.

• Repeals conflicting language from Laws 2023, chapter 77, section 3 regarding the disclosure affidavit statute.