AZ HB2023

Requires sellers of land parcels in unincorporated Arizona counties to provide buyers with a disclosure affidavit at least seven days before property transfer, with buyers having a 5-day rescission right after receiving the affidavit.

Allows licensed escrow agents to record the disclosure affidavit on behalf of sellers and provides liability protection for escrow agents regarding inaccurate information in affidavits they record.

Adds new disclosure requirements for private wells including registration status with the Department of Water Resources, pump completion reports, and includes buyer notice that wells require maintenance and water hauling may be necessary.

Requires disclosure if property is located in basins where groundwater may be transported away (Butler Valley, McMullen Valley, Harquahala Irrigation Non-Expansion Area, or Big Chino subbasin) with notice about potential damage from groundwater withdrawal.

Exempts personal representatives of estates from disclosure requirements, in addition to existing exemptions for trustees conducting foreclosure sales and officers conducting execution sales.