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Legislation


1999 Regular Session

SENATE BILL 337

File Code: Real Property Prior Year Introduction As: SB 428/98 - JPR
Sponsored By:
Senators Green, Forehand, Currie, Hogan, Exum, and Hollinger
Entitled:
Condominiums - Liens - Priority

Synopsis:

Providing that a specified portion of a lien on a condominium unit has priority over the claim of the holder of a first mortgage or deed of trust; providing that the Act does not limit or affect the priority of mortgages or deeds of trust held by or for the benefit of the State or a unit or instrumentality of the State; and providing for the abrogation of the Act if certain federal entities cease purchasing first mortgages on condominium units in the State.

History by Legislative Date

Senate Action
2/5
First Reading Judicial Proceedings
2/10
Hearing 3/16 at 1:00 p.m.
3/23
Unfavorable Report by Judicial Proceedings
House Action
No Action
Sponsored by:
Senator Leo E. Green, District 23
Senator Ulysses Currie, District 25
Senator Nathaniel Exum, District 24
Senator Jennie M. Forehand, District 17
Senator Patrick J. Hogan, District 39
Senator Paula Colodny Hollinger, District 11
Bill indexed under the following Subjects:
CONDOMINIUMS
LIENS -see also- MECHANICS' LIENS; SECURITY INTERESTS
MORTGAGES
Bill affects the following Statute:
Real Property
( 11-110 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered
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