Overview
As amended in the Senate and transmitted to the House, SB 1246 amends Arizona law to significantly increase the delinquency thresholds for foreclosure by condominium associations from 1 year/$1,200 to 18 months/$10,000, to match last year’s increase for planned community associations. For condominium associations and planned community associations alike, the amended bill specifies that with respect to large special assessments ($10,000 or more), only the 18-month threshold applies.
Key Changes
- Amending A.R.S. 33-1256 and A.R.S. 33-1807 to:
- For condominiums only, increase the delinquency thresholds for foreclosure from 1 year/$1,200 to 18 months/$10,000;
- Specify that for special assessments with an initial value of $10,000 or more, that only the 18 month delinquency threshold applies for foreclosure.
Legislative Timeline
- March 30, 2026 – On the agenda of the House Rules Committee, 1:00 p.m.; passed out of committee; On the House Consent Calendar (objections due by April 1st)
- March 25, 2026 – On the agenda of the House Government Committee, 9:00 a.m.; passed out of committee
- March 10, 2026 – House Second Reading
- March 9, 2026 – House First Reading; Assigned to House Government and Rules Committees
- February 26, 2026 – Passed the Senate with zero ‘no’ votes
- February 26, 2026 – On the Senate Committee of the Whole (COW) Calendar, 9:00 a.m.; passed out of COW; On the Senate Third Reading Calendar
- February 23, 2026 – On the agenda for the Senate Committee on Rules, 8:45 a.m.; passed out of committee
- February 18, 2026 – On the agenda for the Senate Committee on Government, 7:00 a.m.; passed out of committee as amended by the Senator Rogers amendment
- February 16, 2026 – Senator Rogers posted an amendment to the bill for consideration by the committee that would make significant changes to the bill as introduced
- January 22, 2026 – Senate Second Reading
- January 21, 2026 – Introduced; Senate First Reading; Assigned to Senate Government and Rules Committees
Impact
Overall, SB 1246 limits the ability to foreclose on properties, potentially impacting the financial operations of associations.