The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. If any installment is delinquent, the governing body may order that the whole of the unpaid principal amount of the assessment become immediately due and payable, and be collected by summary sale proceedings pursuant to section 35-482.
B. If such order is made, the amount for which the property is to be sold shall include, in addition to the delinquent installments, penalties, interest and charges, the other amounts necessary to prepay such assessment in full computed pursuant to applicable law.
C. If such order is made, the owner or persons interested may, at any time prior to sale, pay the delinquent installments, with interest, penalties and charges, and thereupon be restored to the right thereafter to pay in installments in the same manner as if default has not occurred, and the amount of interest, penalties and charges which shall accrue shall be unaffected by exercise of the option to accelerate hereby provided.
D. Notices pursuant to section 35-482 shall, when the option to accelerate has been exercised, so state and shall state the unpaid principal balance of the assessment for which the property is to be sold.