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AZ HB2119

Bill

Status

Passed

4/10/2024

Primary Sponsor

Laurin Hendrix

Click for details

Origin

House of Representatives

Fifty-sixth Legislature - Second Regular Session (2024)

AI Summary

  • Amends Arizona Revised Statutes section 33-442 to prohibit transfer fees imposed by homeowner associations, with specific exceptions.

  • Exempts service fees for administration of association records from the transfer fee prohibition when charged by a managing agent contract with the association.

  • Prohibits associations from charging fees authorized under exceptions for certain conveyances between parties defined in section 11-1134, except for legitimate service fees for record administration.

  • Maintains existing exceptions to transfer fee prohibitions, including loan assumption fees, real estate broker commissions, and fees for club memberships related to the property.

  • Effective upon approval by the Governor on April 10, 2024.

Legislative Description

Homeowner's associations; fees

Prohibition

Last Action

Chapter 131

4/10/2024

Committee Referrals

Rules2/23/2024
Finance and Commerce2/22/2024
Rules1/10/2024
Regulatory Affairs1/10/2024

Full Bill Text

No bill text available