Legislation

Title: Condominiums and Homeowners Associations - Residential Property Foreclosure Sales - Purchaser Requirements
Sponsored by: Delegate Holmes
Status: In the House - Unfavorable Report by Environment and Transportation
Analysis: Fiscal and Policy Note

Synopsis

Requiring a purchaser of residential property in a condominium or homeowners association at a foreclosure sale to immediately record an instrument transferring the residential property and requiring the purchaser to immediately begin payment of regular assessments until the title to the residential property is recorded by a new owner; and authorizing the governing body of a condominium or homeowners association to charge the purchaser a fine of up to $500 per month if the regular assessments are not paid.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2023

History

Legislation History
Chamber House Calendar Date 2/09/2023 Legislative Date 2/09/2023 Action First Reading Environment and Transportation Proceedings
Chamber House Calendar Date 2/10/2023 Legislative Date 2/10/2023 Action Hearing 2/28 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Condominiums and Homeowners Associations - Residential Property Foreclosure Sales - Purchaser Requirements Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Environment and Transportation Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/10/2023 Legislative Date 4/10/2023 Action Unfavorable Report by Environment and Transportation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/09/2023	2/09/2023	First Reading Environment and Transportation
House	2/10/2023	2/10/2023	Hearing 2/28 at 1:00 p.m.
			Text - First - Condominiums and Homeowners Associations - Residential Property Foreclosure Sales - Purchaser Requirements
			Vote - House - Committee - Environment and Transportation	Click to view Recorded Media
House	4/10/2023	4/10/2023	Unfavorable Report by Environment and Transportation

File Code

Subjects

Statutes