Arizona SB1715 regulates distressed home sales, prohibiting unfair practices by consultants, equity purchasers, and wholesalers.

Arizona SB1715 amends state statutes to regulate transactions involving distressed homes. It defines a distressed home as a dwelling where the homeowner has defaulted on a mortgage or is delinquent on a secured loan. The bill prohibits distressed home consultants from contacting homeowners without prior permission and from making misleading claims. It also restricts equity purchasers and wholesalers from engaging in unfair practices, such as misrepresenting the transaction's purpose or failing to provide necessary disclosures.

Arizona SB1715 regulates distressed home sales, prohibiting unfair practices by consultants, equity purchasers, and wholesalers.

Arizona SB1715 amends state statutes to regulate transactions involving distressed homes. It defines a distressed home as a dwelling where the homeowner has defaulted on a mortgage or is delinquent on a secured loan. The bill prohibits distressed home consultants from contacting homeowners without prior permission and from making misleading claims. It also restricts equity purchasers and wholesalers from engaging in unfair practices, such as misrepresenting the transaction's purpose or failing to provide necessary disclosures.