SB903 - Gives priority over condominium association lien to mortgage /deed of trust recorded before delinquency of assessment

SB 0903

Gives priority over condominium association lien to mortgage /deed of trust recorded before delinquency of assessment

Sponsor:	Yeckel
LR Number:	S3821.01I	Fiscal Note:	3821-01
Committee:	Financial and Governmental Organization
Last Action:	03/09/98 - Hearing Conducted S Financial & Governmental		Journal page:
	Organization Committee
Title:
Effective Date:	August 28, 1998

Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 1998 Senate Bills

Current Bill Summary

SB 903 - Current law states that a lien of a condominium association takes priority over all other liens and encumbrances on the condominium unit except as otherwise specified. This act expands the exceptions to the priority of the condominium association's lien to include a mortgage and deed of trust recorded before the date on which the assessment sought to be enforced by the condominium association became delinquent.

These provisions are contained in Truly Agreed To and Finally Passed HCS/SS/SB 852 & 913.
RUSS HEMBREE