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AZ HB2119
Bill
Status
4/10/2024
Primary Sponsor
Laurin Hendrix
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AI Summary
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Amends Arizona Revised Statutes section 33-442 to prohibit transfer fees imposed by homeowner associations, with specific exceptions.
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Exempts service fees for administration of association records from the transfer fee prohibition when charged by a managing agent contract with the association.
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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.
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Maintains existing exceptions to transfer fee prohibitions, including loan assumption fees, real estate broker commissions, and fees for club memberships related to the property.
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Effective upon approval by the Governor on April 10, 2024.
Legislative Description
Homeowner's associations; fees
Prohibition
Last Action
Chapter 131
4/10/2024