The proposed bill amends current statutes regarding the affidavit of disclosure required for the sale of parcels of land in unincorporated areas. It modifies the existing requirements by adding new questions to the affidavit, such as whether a private well is registered with the Arizona Department of Water Resources and the last inspection date of on-site wastewater treatment facilities. Additionally, it clarifies the responsibilities of licensed escrow agents in recording the affidavit and specifies that they are not liable for inaccuracies in the affidavit. The bill also introduces disclaimers regarding the maintenance of wells and the responsibilities of buyers concerning private wells.

Furthermore, the bill exempts personal representatives acting on behalf of an estate from being classified as sellers or subsequent sellers, and it requires the beneficiary of a subdivision trust to provide the affidavit if the seller is a trustee. The language of the bill also includes technical and conforming changes to ensure clarity and compliance with existing laws. Overall, these updates aim to enhance transparency and protect buyers in real estate transactions involving land divisions.

Statutes affected:
Introduced Version: 33-422
House Engrossed Version: 33-422