House of Representatives

HB 2331

credit cards; community debts; exception

Sponsors: Representatives Voss, Johnson; Senator Petersen

F	Committee on Judiciary
	Committee on Financial Institutions and Insurance
	Committee on Commerce and Economic Development
	Caucus and COW
	Third Read
	As Passed the House

HB 2331 changes Arizona’s community property law by stipulating that credit card transactions will only bind the community if both: the credit card is issued in the names of both spouses and both spouses have signed the credit application form.

Current Status

HB 2331 failed to pass the Judiciary Committee.

History

In Arizona, property acquired during a marriage is presumed to be community property, with each spouse having an undivided half interest. Each spouse may separately acquire, manage, control or dispose of community property or bind the community without joining the other spouse.

Provisions

· Stipulates that credit card transactions during marriage will only bind the community if both:

Ø The credit card is issued in the names of both spouses.

Ø Both spouses signed the credit application form.

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Ø 45th Legislature

Ø Second Regular Session 2 February 14, 2002

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