File Code: Real Property
Prior Year Introduction As: HB 255/00 - ECM
- Sponsored By:
-
Delegates Bobo, Bozman, Brown, Giannetti, Goldwater, Moe,
Patterson, Pendergrass, and Turner
- Entitled:
-
Real Property - Priority of Liens - Condominiums and Homeowners
Associations
Providing that the portion of a homeowners association or condominium
contract lien consisting of not more than 6 months of unpaid
assessments has priority over a first mortgage or deed of trust in a
foreclosure sale; and providing for the abrogation of the Act if the
Federal Home Loan Mortgage Corporation or the Federal National
Mortgage Association ceases to purchase first mortgages on condominium
units or lots in homeowners associations in this State.
House Action
- 2/7
- First Reading Economic Matters
- 2/14
- Hearing 3/1 at 1:00 p.m.
- 4/9
- Unfavorable Report by Economic Matters
Senate Action
- No Action
- Sponsored by:
- Delegate Elizabeth Bobo, District 12B
- Delegate K. Bennett Bozman, District 38
- Delegate Anthony G. Brown, District 25
- Delegate John A. Giannetti, Jr., District 13B
- Delegate Marilyn R. Goldwater, District 16
- Delegate Brian R. Moe, District 21
- Delegate Obie Patterson, District 26
- Delegate Shane E. Pendergrass, District 13A
- Delegate Frank S. Turner, District 13A
- Bill indexed under the following Subjects:
- ASSESSMENTS
- CONDOMINIUMS
- FEES -see also- DEVELOPMENT FEES AND TAXES
- FORECLOSURE
- HOMEOWNERS ASSOCIATIONS
- LIABILITY -see also- GOOD SAMARITAN
- LIENS -see also- MECHANICS' LIENS
- MORTGAGES
- REAL PROPERTY
- Bill affects the following Statutes:
- Real Property
- (
11-110 ,
11B-114 ,
11B-114
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered