A. If any person receiving satisfaction of a mortgage or deed of trust shall, within thirty days, fail to record or cause to be recorded, with the recorder of the county in which the mortgage or deed of trust was recorded, a sufficient release, satisfaction of mortgage or deed of release or acknowledge satisfaction as provided in section 33-707, subsection C, he shall be liable to the mortgagor, trustor or current property owner for actual damages occasioned by the neglect or refusal.
B. If, after the expiration of the time provided in subsection A of this section, the person fails to record or cause to be recorded a sufficient release and continues to do so for more than thirty days after receiving a written request which identifies a certain mortgage or deed of trust by certified mail from the mortgagor, trustor, current property owner or his agent, he shall be liable to the mortgagor, trustor or current property owner for one thousand dollars, in addition to any actual damage occasioned by the neglect or refusal.
C. Any action to enforce the provisions of this section, including any action to recover amounts due under this section, shall be brought and maintained in the individual names of, and shall be prosecuted by, persons entitled to recover under the terms thereof, and not in a representative capacity or otherwise. This subsection shall apply to all actions under this section, whether brought before or after July 13, 1988.
Notes of Decisions
Cited in
6
cases (
1 in the last 5 years), 1983–2022 · leading case:
Collins v. Stockwell, 671 P.2d 394 (Ariz. 1983).
Collins v. Stockwell, 671 P.2d 394 (Ariz. 1983).
“Failure to grant such release shall be subject to the penalties prescribed by § 33-712.” (emphasis added) The Court of Appeal’s decision utilized the theory of in pari materia in construing the lis pendens statute as it applies to the mechanic’s lien provisions.”
Collins v. Stockwell, 671 P.2d 394 (Ariz. 1983).
“Failure to grant such release shall be subject to the penalties prescribed by § 33-712." (emphasis added) The Court of Appeal's decision utilized the theory of in pari materia in construing the lis pendens statute as it applies to the mechanic's lien provisions.”
Richey v. W. Pac. Dev. Corp., 684 P.2d 169 (Ariz. Ct. App. 1984).
“Failure to grant such release shall be subject to the penalties prescribed by § 33-712.” 2 . Appellants’ concession that this is not the case is borne out rather clearly in Mr.”
Wickstrom v. Wells Fargo Bank NA (D. Ariz. 2022).
· cites it 8× “) Plaintiff avers 23 that his Complaint alleges a violation of A.R.S. § 33-712, which provides that a person 24 who fails to record a release of a Deed of Trust within 30 days after having received a 25 written request shall be liable to the property owner for $1,000.”
Collins v. Stockwell, 671 P.2d 415 (Ariz. Ct. App. 1983).
“Failure to grant such release shall be subject to the penalties prescribed by § 33-712. Although embodied in statute lis pendens is a creature of the common law.”
— Ariz. Rev. Stat. § 33-712(A) — 1 case
Wickstrom v. Wells Fargo Bank NA (D. Ariz. 2022).
“) Plaintiff avers 23 that his Complaint alleges a violation of A.R.S. § 33-712, which provides that a person 24 who fails to record a release of a Deed of Trust within 30 days after having received a 25 written request shall be liable to the property owner for $1,000.”
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