SB 1246
homeowners' associations; foreclosure process
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies Arizona laws regarding how homeowners' associations (HOAs) can foreclose on property owners who fail to pay assessments. It clarifies the process for liens related to special assessments over $10,000 and establishes stricter notice requirements before foreclosure proceedings. The bill also addresses the priority of liens, including those for unit owner expenses, and outlines procedures for handling delinquent accounts, such as providing detailed statements to owners and limiting the association's ability to transfer debt.
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