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Legislation


2012 Regular Session

SENATE BILL 75

File Code: Real Property Crossfiled with: HOUSE BILL 262
Sponsored By:
Senator Kelley
Entitled:
Condominiums and Homeowners Associations - Sales Contracts - Notice of Potential Special Assessments

Synopsis:

Providing that a contract for the resale of a unit in a condominium is not enforceable unless the contract of sale contains a specified notice and the unit owner furnishes specified information concerning potential special assessments; providing that a contract for the resale of a lot in a development, or for the initial sale of a lot in a development containing 12 or fewer lots, is not enforceable unless the purchaser is given a specified notice concerning potential special assessments; and applying the Act only prospectively.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
1/16
First Reading Judicial Proceedings
1/18
Hearing 2/7 at 1:00 p.m.
3/6
Unfavorable Report by Judicial Proceedings
House Action
No Action

Bill indexed under the following Subjects:

Assessments
Condominiums
Consumer Protection -see also- Unfair Trade Practices
Contracts -see also- Land Installment Contracts; Procurement
Disclosure
Homeowners Associations
Notices

Bill affects the following Statutes:

Real Property
( 11-135 , 11B-106 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered
Committee Votes :
Senate
Judicial Proceedings
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