Loading ...Reprinted from an Email Blast sent to members of the Arizona Association of REALTORS®
from an Email Article By Tom Farley, CEO
Arizona Association of REALTORS® Read the FULL article at http://www.rallinow.com/issues/show/60
Request for the Governor’s Assistance
On Friday, the Arizona Association of REALTORS® (AAR) had a preliminary conversation with Governor Brewer’s staff regarding the impacts of SB 1271 and the need for an immediate fix to this legislation that becomes effective on September 30, 2009. AAR requested that the Governor amend her current Call for Special Session to include a fix to SB1271 with an emergency clause. Governor Brewer called the legislature into Special Session to deal only with the historic budget deficit. The Governor’s staff was receptive to our request and voiced a wiliness to work with AAR, but requested that we provide specific examples of legal issues resulting from SB 1271’s passage and how the bill would impact Arizonans if left unfixed. The Governor does not have to amend her Call for Special Session to include this issue, so the burden is on us to demonstrate the need for immediate action. If the Governor agrees with our request, our next job is to convince the legislature to fix the statute.
Early next week, AAR will deliver a letter outlining the issues as requested to the Governor’s office and formally make the request to amend the Call for Special Session to include this issue. Our goals are to narrow the bill’s impact, clarify the statute’s intent and to include an emergency clause in the legislation so that the AAR’s amendments would take effect and overwrite the amendments that SB 1271 made to the Anti-Deficiency statute before it goes into effect on September 30, 2009.
SB 1271 – Frequently Asked Questions (FAQ) Document in the Works
We have received numerous emails and phone calls asking several different questions regarding SB 1271’s interpretation. We are doing our best to provide those answers in an FAQ document. But because of several different views by attorneys across our state on how the changes to the statute should be interpreted, AAR is having difficulty providing those answers.
Keep up with the current issues and UPDATES posted on www.rallinow.com, AARNews, AAR’s FaceBook page and in our upcoming electronic association newsletter. Follow the Arizona Association of REALTORS on Twitter!
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To read the letter as well as the accompanying materials that were sent to Governor Brewer, please click here.
Hooray! It seems the right people are doing the right things!
Tom Farley’s latest update tells us that “the original sponsor of the bill, Senator Steve Pierce, has asked the legislature and the Governor for an immediate repeal of the law which is slated to go into effect at the end of September. The state’s original anti-deficiency language has been inserted into two budget bills (HB 2008 and SB 1024) currently being debated by the legislature which would have the effect on nullifying the passage of SB 1271. HB 2008 has quickly passed the Arizona House of Representatives. SB 1024 is awaiting final vote which could happen August 8th or on the 10th. If for some reason, the Senate Bill fails on final vote, we will immediately focus on our next effort to repeal the law. The banking lobby and at least one member of the legislature are pushing for an amendment to SB 1271, instead of repeal, that would allow it to still apply retroactively to loans already in existence. We have been advised that this action would ultimately be unconstitutional if not unjust.”
You can follow more on the subject at http://www.RALLiNOW.com