Bill > SB1246

This bill modifies existing Arizona law concerning Homeowners Associations (HOAs) and their ability to place liens on properties for unpaid dues and assessments. Key changes include increasing the delinquency period required before an HOA can foreclose on a property from one year to eighteen months, and raising the minimum unpaid assessment amount that triggers foreclosure from $1,200 to $10,000, with a special provision that only the eighteen-month delinquency period applies for special assessments of $10,000 or more. The bill also clarifies that HOAs cannot transfer ownership or control of debt related to common expense liens or member expenses, and it introduces a requirement for HOAs to make reasonable efforts to communicate with unit owners and offer payment plans before initiating foreclosure proceedings. These changes apply to both condominiums and planned communities, aiming to provide more protection and avenues for resolution for homeowners facing delinquent assessments.

Government Affairs

https://apps.azleg.gov/BillStatus/BillOverview/84760