Legislation

Title: Foreclosed and Vacant Residential Property - Common Ownership Communities - Payment of Regular Assessments
Sponsored by: Senator Muse
Status: In the Senate - Withdrawn by Sponsor
Analysis: Fiscal and Policy Note

Synopsis

Requiring, with regard to a residential property in a common ownership community that is in foreclosure and vacant, the secured party that files the action to foreclose on the residential property to pay specified regular assessments for common expenses starting 30 days after the action to foreclose is filed and until the property title is recorded by the new owner after the foreclosure sale; and making a secured party that fails to pay regular assessments under the Act subject to a fine of $500 per month of nonpayment.

Committees

Original:: Judicial Proceedings

Details

Cross-filed with: HB1437

Bill File Type: Regular

Effective Date(s): October 1, 2017

History

Legislation History
Chamber Senate Calendar Date 3/09/2017 Legislative Date 3/09/2017 Action First Reading Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/09/2017 Legislative Date 3/09/2017 Action Motion Rules Suspend for Late Introduction (Senator Muse) Adopted Proceedings 40 Click to view Recorded Media
Chamber Senate Calendar Date 3/09/2017 Legislative Date 3/09/2017 Action Motion Rules Suspend to Refer (Senator Muse) Adopted Proceedings 40 Click to view Recorded Media
Chamber Senate Calendar Date 3/09/2017 Legislative Date 3/09/2017 Action Referred Judicial Proceedings Proceedings 40 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - First - Foreclosed and Vacant Residential Property - Common Ownership Communities - Payment of Regular Assessments Proceedings
Chamber Senate Calendar Date 3/14/2017 Legislative Date 3/14/2017 Action Hearing 3/16 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/16/2017 Legislative Date 3/16/2017 Action Hearing canceled Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2017 Legislative Date 3/17/2017 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	3/09/2017	3/09/2017	First Reading Judicial Proceedings
Senate	3/09/2017	3/09/2017	Motion Rules Suspend for Late Introduction (Senator Muse) Adopted	40 Click to view Recorded Media
Senate	3/09/2017	3/09/2017	Motion Rules Suspend to Refer (Senator Muse) Adopted	40 Click to view Recorded Media
Senate	3/09/2017	3/09/2017	Referred Judicial Proceedings	40 Click to view Recorded Media
			Text - First - Foreclosed and Vacant Residential Property - Common Ownership Communities - Payment of Regular Assessments
Senate	3/14/2017	3/14/2017	Hearing 3/16 at 1:00 p.m.
Senate	3/16/2017	3/16/2017	Hearing canceled
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	3/17/2017	3/17/2017	Withdrawn by Sponsor

File Code

Subjects

Statutes