Effective July 3, 2015, Arizona Senate Bill 1218 revises Ariz. Rev. Stat. § 11-475(B) to read as follows:
“A person recording a deed of trust or mortgage for residential property constructed for at least one family but not more than four families shall include “residential 1-4” in the caption heading on the first page of each document. Failure to comply with this subsection does not affect the validity of the document or the validity of the recording of the document.”
Even though not including “residential 1-4” in the deed of trust or mortgage caption heading does not invalidate the document itself or the recording thereof, DocuTech has included the phrase “residential 1-4” on all Arizona security instruments to comply with Ibid. § 11-475(B). The caption heading has been revised on the following documents:
- Cx311 – AZ Deed of Trust
- Cx364 – AZ Deed of Trust FHA
- Cx470 – AZ Deed of Trust Second
- Cx1374 – HELOC Deed of Trust – AZ
- Cx10988 – AZ Spanish Deed of Trust
- Cx16106 – AZ FHA GNND Second Mortgage
This document change will take effect on July 3, 2015. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
July 1, 2015
DR 172756