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AZ SB1494
Bill
Status
Passed
4/18/2025
Primary Sponsor
Javan Mesnard
Click for details
AI Summary
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Extends the delinquency period required before an association can foreclose on a common expense lien from one year to eighteen months.
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Increases the minimum delinquent amount threshold for foreclosure from $1,200 to $10,000, whichever occurs first.
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Requires the association board to exercise reasonable efforts to communicate with members and offer a reasonable payment plan before filing a foreclosure action.
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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