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