technical correction; foreign personal representatives
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill makes a technical correction to Arizona law regarding mortgages held by estates of deceased individuals. Specifically, it allows foreign personal representatives, administrators, guardians, or conservators to release mortgages on properties located in Arizona, similar to how Arizona residents would proceed. The bill clarifies the process for these foreign representatives to satisfy mortgages held within the state. It ensures consistency in mortgage release procedures regardless of where the deceased or minor resided.
Key provisions
- Allows foreign personal representatives to release Arizona mortgages.
- Requires recording an authenticated copy of the foreign appointment.
- Mirrors the procedures used by Arizona personal representatives.
- Applies to estates of deceased non-residents and guardians/conservators of minors.
- Covers mortgages held on property located within Arizona.
Who is affected
- Mortgage holders in Arizona
- Foreign personal representatives
- Foreign administrators of estates
- Foreign guardians of minors
- Arizona counties with recorded mortgages
Notable changes
- Expands the authority for releasing Arizona mortgages to include foreign representatives.
- Specifies the method of release – satisfaction or deeds of release – consistent with Arizona law.
Bill text
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Sponsors
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1 on record
Primary sponsor
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