VA HB470 | 2010 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2010 - 25% progression, died in committee
Action: 2010-02-16 - House: Left in General Laws
Pending: House General Laws Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Condominium Act; Property Owners' Association Act; foreclosure on lien for unpaid assessments; priority of certain liens. Provides that a property owners' or condominium association may conduct a foreclosure sale on a lien for unpaid assessments subject to the lien of a first trust. The bill also provides that such portion of the unpaid assessments directly attributable to the maintenance and upkeep of the common areas and such other areas of association responsibility expressly provided for in the declaration, including capital expenditures shall be prior to all other liens and encumbrances. The bill contains technical amendments.

Tracking Information

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Title

Condominium and Property Owners' Association Acts; foreclosure on lien for unpaid assessments.

Sponsors


History

DateChamberAction
2010-02-16 House: Left in General Laws
2010-01-12 House: Referred to Committee on General Laws
2010-01-12 House: Prefiled and ordered printed; offered 01/13/10 10103785D

Virginia State Sources


Bill Comments

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