This bill proposes significant updates to the Arizona Revised Statutes concerning condominiums and planned communities. It introduces new provisions that hold associations liable for damages if they attempt to enforce any declaration, bylaws, or rules that are prohibited by law. Specifically, the liability increases with each attempt: $1,000 for the first attempt, $10,000 for the second, and $100,000 for the third and any subsequent attempts. This liability applies regardless of whether the enforcement is against the same or different unit owners or members.

Additionally, the bill modifies existing language regarding late payment charges for assessments and penalties, replacing the previous maximum charge of fifteen dollars with a minimum of $15 or ten percent of the unpaid amount. This change aims to standardize the late payment charges across the statutes. Overall, the bill enhances protections for unit owners and members by imposing stricter penalties on associations that violate legal provisions while clarifying the financial implications of late payments.

Statutes affected:
Introduced Version: 33-1242, 33-1803, 33-1252, 33-1212, 32-2199.01