Arizona SB1440 amends laws on HOAs and condominiums, enhancing due process and limiting penalties.

Arizona SB1440 amends sections 33-1242 and 33-1803 of the Arizona Revised Statutes to enhance due process for unit owners in condominiums and planned communities. The bill mandates that associations provide written notice of violations and the opportunity for a hearing. It restricts the imposition of penalties that restrict rights or access to vital services, repeat frequently, or compound interest at high rates. The bill also limits regular assessments to no more than 20% greater than the previous year's assessment without member approval.

Arizona SB1440 amends laws on HOAs and condominiums, enhancing due process and limiting penalties.

Arizona SB1440 amends sections 33-1242 and 33-1803 of the Arizona Revised Statutes to enhance due process for unit owners in condominiums and planned communities. The bill mandates that associations provide written notice of violations and the opportunity for a hearing. It restricts the imposition of penalties that restrict rights or access to vital services, repeat frequently, or compound interest at high rates. The bill also limits regular assessments to no more than 20% greater than the previous year's assessment without member approval.