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AZ HB2754
Bill
Status
2/8/2024
Primary Sponsor
Patricia Contreras
Click for details
AI Summary
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Requires escrow agents to record a notice of pending sale before receiving funds for real estate transactions and notify all parties listed in the transaction agreement.
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Mandates that individuals recording deeds and other real property documents provide two valid forms of government-issued photo identification to the recorder, with exceptions for escrow officers, title insurers, banks, attorneys, and governmental entities.
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Establishes a county assessor notification system allowing real property owners to file notarized affidavits restricting mailing address changes to authorized persons only.
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Requires real estate licensees and wholesale buyers to verify valid government-issued photo identification of parties to employment agreements and real estate transactions, retaining evidence of identification type and expiration dates.
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Mandates notary publics to record thumbprints in journals for power of attorney documents and deeds affecting real property, with exceptions for foreclosure trustees' deeds and deeds of reconveyance.
Legislative Description
Real estate transactions; identification; recordings
Real Estate
Last Action
House read second time
2/12/2024