AZ HB4050

Increases the threshold for HOA foreclosure from $1,200 to $10,000 in delinquent assessments, or extends the delinquency period from one year to eighteen months before foreclosure can be initiated.

Requires HOAs to deliver written notice by certified mail at least 30 days before authorizing collection activity, with failure to comply making subsequent collection costs uncollectible against the homeowner.

Mandates associations maintain accurate account records distinguishing between common expense liens and other member charges, with secure online access or electronic statements available without charge.

Allows homeowners to challenge contested charges in court, with invalid charges and related collection fees extinguished by court order if found improper.

Prohibits HOAs from enforcing fees, monetary penalties, or interest (other than assessments) through foreclosure, limiting enforcement of these "member charges" to judgment liens effective only upon property conveyance.