2009 Regular Session

HOUSE BILL 687

File Code: Real Property Crossfiled with: SENATE BILL 541
Sponsored By:
Delegate Braveboy
Entitled:
Common Ownership Communities - Fidelity Insurance

Synopsis:

Requiring specified governing bodies of a cooperative housing corporation, a condominium, or a homeowners association to purchase fidelity insurance not later than the time of the first sale of a cooperative interest with respect to a unit to a person other than the developer and to keep the insurance in place each year thereafter; requiring the fidelity insurance to provide for the indemnification of the common ownership community against loss resulting from specified acts or omissions of specified persons; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/9
First Reading Environmental Matters
2/6
Hearing 2/26 at 1:00 p.m.
2/11
Hearing cancelled
Hearing 2/19 at 1:00 p.m.
3/9
Favorable with Amendments Report by Environmental Matters
3/10
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/12
Third Reading Passed (135-0)
4/1
Returned Passed
Senate Action
3/13
First Reading Judicial Proceedings
4/3
Favorable Report by Judicial Proceedings
4/1
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (47-0)
Action after passage in House and Senate
4/14
Approved by the Governor
- Chapter 78

Bill indexed under the following Subjects:

Alternative Dispute Resolution -see also- Arbitra; Mediation
Attorney General
Condominiums
Consumer Protection -see also- Unfair Trade Practices
Cooperative Associations
Crimes and Punishments -see also- Penalties; Sentences; etc.
Fraud -see also- Forgery
Homeowners Associations
Housing -see also- Apartments; Condominiums; Mobile Homes
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Liability -see also- Good Samaritan
Records -see also- Land Records; Vital Records

Bill affects the following Statutes:

Corporations and Associations
( 5-6B-18.6 )
Real Property
( 11-114.1 , 11B-111.6 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
House
Number: 110517/03     Offered on: March 10, 2009   at: 10:22 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 12, 2009: Third Reading Passed (135-0)
Senate
April 2, 2009: Third Reading Passed (47-0)