1997 Regular Session

HOUSE BILL 832

File Code: Real Property
Sponsored By:
Delegates Bobo, Goldwater, Perry, Pendergrass, Bozman, B. Hughes, Patterson, Barve, Exum, Frank, and Gordon
Entitled:
Condominiums - Liens - Priority

Synopsis:

Providing that, in a foreclosure sale, the portion of a lien on a condominium unit that consists of not more than 6 months of unpaid condominium assessments is prior to a first mortgage or deed of trust if the assessments included in the lien are based on specified expenses and in accordance with the annual budget adopted by the council of unit owners; providing for the abrogation of the Act upon the occurrence of a specified contingency; and providing for an exception related to the State.

Legislative History

House Action
1/31
First Reading Economic Matters
2/4
Hearing 2/19 at 1:00 p.m.
3/20
Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (94-39)
Senate Action
3/24
First Reading Judicial Proceedings
3/25
Hearing 4/2 at 1:00 p.m.
4/7
Unfavorable Report by Judicial Proceedings
Sponsored by:
Delegate Elizabeth Bobo, District 12B
Delegate Kumar P. Barve, District 17
Delegate K. Bennett Bozman, District 38
Delegate Nathaniel Exum, District 24
Delegate Robert L. Frank, District 11
Delegate Marilyn R. Goldwater, District 16
Delegate Michael R. Gordon, District 17
Delegate Brenda B. Hughes, District 25
Delegate Obie Patterson, District 26
Delegate Shane E. Pendergrass, District 13A
Delegate Marsha G. Perry, District 33
Bill indexed under the following Subjects:
ASSESSMENTS
CONDOMINIUMS
FORECLOSURE
LIENS -see also- MECHANICS' LIENS; SECURITY INTERESTS
MORTGAGES
Bill affects the following Statute:
Real Property
( 11-110 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)

Amendments:
House
Number: 643062/1 (PDF) Offered on: MARCH 20, 1997 at: 11:13 Status: Adopted