2001 Regular Session

SENATE BILL 149

File Code: Real Property Prior Year Introduction As: SB 4/00 - JPR
Sponsored By:
Senators Green, Hogan, Currie, Dorman, Forehand, Hollinger, Hughes, and Sfikas
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 developments subject to homeowners associations in this State.

History by Legislative Date

Senate Action
1/18
First Reading Judicial Proceedings
2/7
Hearing 2/14 at 1:00 p.m.
3/19
Unfavorable Report by Judicial Proceedings
House Action
No Action
Sponsored by:
Senator Leo E. Green, District 23
Senator Ulysses Currie, District 25
Senator Arthur Dorman, District 21
Senator Jennie M. Forehand, District 17
Senator Patrick J. Hogan, District 39
Senator Paula C. Hollinger, District 11
Senator Ralph M. Hughes, District 40
Senator Perry Sfikas, District 46
Bill indexed under the following Subjects:
ASSESSMENTS
CONDOMINIUMS
FEES -see also- DEVELOPMENT FEES AND TAXES
FORECLOSURE
HOMEOWNERS ASSOCIATIONS
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