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

DateAction
01/11/2011Committee
01/11/2011Prefiled and ordered printed; offered 01/12/11 11103561D
01/11/2011Referred to Committee on General Laws
01/17/2011Assigned GL sub: #1 Housing
01/31/2011Assigned GL sub: #1 Housing
02/02/2011Subcommittee recommends incorporating (HB2530-Scott, J.M.)
02/03/2011Incorporated by General Laws (HB2530-Scott, J.M.)