2001 Regular Session

HOUSE BILL 624

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

Synopsis:

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.

History by Legislative Date

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 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered