HB2706

Arizona HB2706 restricts corporate buyers from purchasing single-family residences unless registered with the Securities Division.

Arizona HB2706 mandates that corporations, limited liability companies, and their affiliates register with the Securities Division before purchasing single-family residences, condominiums, or townhomes. Exemptions include governmental entities and nonprofits with fewer than ten units. The bill imposes civil penalties for non-compliance and requires annual reporting. The Securities Division will maintain a registry and may charge a registration fee.