HB2590 is a bill that amends existing Arizona Revised Statutes relating to real estate disclosures. The bill requires additional disclosures in a seller's affidavit for land divisions, particularly for properties that necessitate water transportation. Sellers must disclose the name and contact information of the water hauler, the location of the water supply, and whether the property has battery energy storage devices and if they are leased or owned. It also requires disclosure of compliance with subdivision laws and notice of the prohibition against unlawfully dividing land into six or more lots.

The bill also increases the maximum civil penalty from $1,000 to $2,000 for infractions by subdividers or agents who violate real estate laws or engage in unlawful practices. It mandates that the affidavit must contain all statutory disclosures and be completed by the seller. Additionally, for county approval of land divisions into five or fewer lots, the applicant must acknowledge under oath the awareness of laws against dividing land to avoid subdivision laws and that the county or Arizona Department of Real Estate may enforce these laws. The bill includes technical and conforming changes and becomes effective on the general effective date.

Statutes affected:
Introduced Version: 32-2119
House Engrossed Version: 33-422
Senate Engrossed Version: 11-831, 32-2185.09, 33-422, 32-2181, 44-1522, 32-2181.01, 32-2182.02, 32-2181.02
Chaptered Version: 11-831, 32-2185.09, 33-422, 32-2181, 44-1522, 32-2181.01, 32-2182.02, 32-2181.02