Bill > HB2842

This bill requires escrow agents, who handle the transfer of property ownership, to report specific information to the state department when they begin processing a sale or inheritance, or shortly before recording the property title. This information includes the names of all owners, the property's assessor parcel number, its physical address if available, the name of the escrow company, and a contact email and phone number for that company. Additionally, the bill mandates the creation of an "early alert system" managed by the state real estate commissioner, which will notify individuals who opt-in about pending property sales or transfers based on information received from escrow agents, using methods like email or text message, and this system's information will not be considered public record.

Government Affairs

https://apps.azleg.gov/BillStatus/BillOverview/84676