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AZ HB2107
Bill
Status
1/23/2025
Primary Sponsor
Leo Biasiucci
Click for details
AI Summary
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Prohibits foreclosure actions on certificates of purchase when the real property is the property owner's primary residence as defined in section 42-12053.
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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.
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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.
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Updates terminology throughout the statute from "purchaser" to "certificate of purchase holder" for clarity.
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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