Legislation

Requiring, with regard to a residential property in a common ownership community that is in foreclosure and vacant, the secured party that files the action to foreclose on the residential property to pay specified regular assessments for common expenses starting 30 days after the action to foreclose is filed and until the property title is recorded by the new owner after the foreclosure sale; and making a secured party that fails to pay regular assessments under the Act subject to a fine of $500 per month of nonpayment.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Details

Cross-filed with: SB1184

Bill File Type: Regular

Effective Date(s): October 1, 2017

History

Legislation History
Chamber House Calendar Date 2/10/2017 Legislative Date 2/10/2017 Action First Reading Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Foreclosed and Vacant Residential Property - Common Ownership Communities - Payment of Regular Assessments Proceedings
Chamber House Calendar Date 2/13/2017 Legislative Date 2/13/2017 Action Hearing 3/07 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Environment and Transportation Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/15/2017 Legislative Date 3/15/2017 Action Unfavorable Report by Environment and Transportation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/10/2017	2/10/2017	First Reading Environment and Transportation
			Text - First - Foreclosed and Vacant Residential Property - Common Ownership Communities - Payment of Regular Assessments
House	2/13/2017	2/13/2017	Hearing 3/07 at 1:00 p.m.
			Vote - House - Committee - Environment and Transportation	Click to view Recorded Media
House	3/15/2017	3/15/2017	Unfavorable Report by Environment and Transportation

File Code

Subjects

Statutes