Loading chat...

AZ SB1494

Bill

Status

Passed

4/18/2025

Primary Sponsor

Javan Mesnard

Click for details

Origin

Senate

Fifty-seventh Legislature - First Regular Session (2025)

AI Summary

  • Extends the delinquency period required before an association can foreclose on a common expense lien from one year to eighteen months.

  • Increases the minimum delinquent amount threshold for foreclosure from $1,200 to $10,000, whichever occurs first.

  • Requires the association board to exercise reasonable efforts to communicate with members and offer a reasonable payment plan before filing a foreclosure action.

  • Changes references from "subsection" to "section" and "common expense lien" terminology for clarity throughout the statute.

Legislative Description

Common expense liens; foreclosure; amount

Foreclosure

Last Action

Chapter 71

4/18/2025

Committee Referrals

Rules3/12/2025
Commerce3/5/2025
Rules2/4/2025
Government Institutions2/4/2025

Full Bill Text

No bill text available