SB 913 – Modifies regulations on collection of delinquent assessments on a condominium

• Sponsor: Wasson
• LR Number: 6170S.01I
• Committee: Financial and Governmental Organizations and Elections
• Last Action: 4/8/2014 - Voted Do Pass S Financial and Governmental Organizations and Elections Committee
• Effective Date: August 28, 2014

Current Bill Summary

SB 913 - This act modifies regulations on collection of delinquent assessments on a condominium. This act modifies the priority of liens for assessments on condominiums. This act also permits condominium associations to recover any costs and reasonable attorney's fees incurred in connection with the collection of delinquent assessments. This act adds holders of a mortgage or deed of trust as a party to whom a statement of unpaid assessments must be issued upon written request. This act also gives condominium associations the right to demand rental payments from a tenant when a unit owner is delinquent on assessments upon written demand.

This act is identical to HCS/HB 1218 (2014).

MICHELA BIRK