AZ LEG Homeowner's Association Fees

On Apr. 4, AZ LEG passed bill prohibiting certain homeowners' fees.

  • AZ LEG passed HB 2119 relating to limits on homeowner's association fees.
  • Amended AZ LEG 33-442, condos and planned communities transfer fee prohibition.
  • Bill Provisions
  • Prohibited an association from charging certain fees for a transfer of property between familial, business or trust parties when the transfer has nominal or no consideration.
  • Except for fees to administer association records authorized in a managing contract.
  • Legislative History
  • On Jan. 10, 2024, bill introduced in House; on Feb. 22, 2024, bill passed House.
  • On Feb. 23, 2024, bill introduced in Senate; on Apr. 4, 2024, bill passed Senate.
  • Effectiveness
  • Upon approval by governor or veto override, bill effective 91 days after session ends.
  • Apr. 10, 2024 AZ LEG Bill Approval
  • On Apr. 10, 2024, AZ LEG reported bill approval, assigned Ch. 131; effective Jul. 20.

Regulators AZ LEG
Entity Types CNSM; MG Orig
Reference Ch. 131, PR, 4/10/2024; Bill HB2119, 4/4/2024; AZ LEG 33-442;
Functions Compliance; Legal; Operations; Product Administration
Countries United States of America
Products Mortgage
Regions Am
Rule Type Final
Rule Date 4/4/2024
Effective Date 7/20/2024
Rule Id 207334
Linked to N/A
Reg. Last Update 4/10/2024
Report Section US Consumer

Last substantive update on 04/15/2024