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AZ HB2842

Bill

Status

Introduced

1/28/2026

Primary Sponsor

Patricia Contreras

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - Second Regular Session (2026)

AI Summary

  • Requires escrow agents to notify the Arizona Department of Financial Institutions when an order for escrow services is received to transfer real property ownership through sale or inheritance, or five days before recording a title
  • Escrow agents must submit owner names, assessor parcel number, property mailing address, escrow company name, and contact information for each transaction
  • Directs the Real Estate Commissioner to create and administer a voluntary "early alert system" that notifies individuals by email, text, or similar means when a sale or transfer of their real estate is pending
  • Participation in the early alert system is opt-in only, and the system's records are exempt from public records laws under Title 39
  • Amends Arizona Revised Statutes Title 6 (escrow agents) and Section 32-2107 (Real Estate Commissioner powers and duties)

Legislative Description

Property sale; notice; escrow agents

Last Action

House GOV Committee action: Do Pass Amended, voting: (7-0-0-0-0-0)

2/11/2026

Committee Referrals

Rules1/28/2026
Government1/28/2026

Full Bill Text

No bill text available