Assigned to GES                                                                                                                                   FOR COMMITTEE

 

 

 

ARIZONA STATE SENATE

Phoenix, Arizona

 

FACT SHEET FOR H.B. 2460

 

tax foreclosure sales; notice

 

Purpose

 

Stipulates that before a purchaser files a foreclosure action, the purchaser must send notice of intent to the property owner according to records of the county assessor and treasurer, rather than the county recorder.

 

Background

 

According to current statute, a purchaser of property must send notice of the intent to file a foreclosure action to the property owner of record and the county treasurer before filing the action.  The property owner of record is currently defined according to the records of the county recorder. 

 

H.B. 2460 shifts the property owner of record to reference records as maintained by the county assessor and treasurer.

 

There is no fiscal impact associated with this bill.

 

Provisions

 

1.      Stipulates that before a purchaser files a foreclosure action, the purchaser must send notice of intent to the property owner according to records of the county assessor and treasurer, rather than the county recorder.

 

2.      Provides for a general effective date.

 

House Action

 

Gov. Ref.         2/2/00              DPA    5-0-1

3rd Read           2/21/00                        56-0-4

 

Prepared by Senate Staff

March 2, 2000