Condominium and Property Owners' Association Acts; foreclosure on lien for unpaid assessments. (HB1894)
Introduced By
Del. Vivian Watts (D-Annandale)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Condominium Act; Property Owners' Association Act; foreclosure on lien for unpaid assessments; priority of certain liens. Provides that a property owners' or condominium association may conduct a foreclosure sale on a lien for unpaid assessments subject to the lien of a first trust. The bill also provides that such portion of the unpaid assessments due and owing the association for a period not to exceed three years that is attributable to providing the maintenance and upkeep of the common areas and such other areas of association responsibility expressly provided for in the declaration, including capital expenditures, shall be prior to all other liens and encumbrances. The bill contains technical amendments. Read the Bill »
Status
02/03/2011: Merged into HB2530
History
Date | Action |
---|---|
01/11/2011 | Committee |
01/11/2011 | Prefiled and ordered printed; offered 01/12/11 11103561D |
01/11/2011 | Referred to Committee on General Laws |
01/17/2011 | Assigned GL sub: #1 Housing |
01/31/2011 | Assigned GL sub: #1 Housing |
02/02/2011 | Subcommittee recommends incorporating (HB2530-Scott, J.M.) |
02/03/2011 | Incorporated by General Laws (HB2530-Scott, J.M.) |