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AZ HB2107

Bill

Status

Introduced

1/23/2025

Primary Sponsor

Leo Biasiucci

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - First Regular Session (2025)

AI Summary

  • Prohibits foreclosure actions on certificates of purchase when the real property is the property owner's primary residence as defined in section 42-12053.

  • Requires the county treasurer to recover redemption amounts through alternative methods including setoff for debts, wage garnishment, payment plan agreements, or other legal methods instead of foreclosure.

  • Maintains existing foreclosure rights for non-primary residences, allowing certificate of purchase holders to bring foreclosure actions beginning three years after the lien sale but not later than ten years after acquisition.

  • Updates terminology throughout the statute from "purchaser" to "certificate of purchase holder" for clarity.

  • Applies to all tax liens sold on or after the effective date of the act.

Legislative Description

Right to redeem; foreclosure; prohibition

Prohibition

Last Action

House read second time

1/27/2025

Committee Referrals

Rules1/23/2025
Commerce1/23/2025

Full Bill Text

No bill text available