This bill proposes several updates to current statutes regarding real property in Arizona. It introduces new requirements for individuals recording documents at the recorder's office, mandating that they provide valid photo identification unless they are exempted categories such as escrow officers, title insurance agents, or governmental entities. Additionally, the bill stipulates that the recorder must not retain copies of the identification but must note specific details in the recording system, which will be kept confidential and exempt from public disclosure. Furthermore, it establishes a voluntary notification system for property owners to be informed of changes in ownership or mailing addresses.
The bill also repeals section 12-524 and amends various existing statutes to clarify liabilities related to forged or groundless claims against real property. It increases the minimum liability amounts for individuals who knowingly record such documents and specifies that the owner or beneficial title holder may recover attorney fees if they prevail in legal actions. Additionally, it introduces a requirement for notaries public to obtain thumbprints from parties signing certain real property documents, with exceptions for specific types of deeds. Overall, these changes aim to enhance the integrity of property transactions and protect property owners from fraudulent claims.
Statutes affected: Introduced Version: 11-472, 11-544, 11-1133, 12-524, 33-420, 41-254, 20-1562, 11-1134