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CT HB06662
Bill
Status
6/6/2013
Primary Sponsor
Judiciary Committee
Click for details
AI Summary
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Extends the priority lien period for unpaid common expense assessments from six months to nine months, excluding late fees, interest, and fines from the calculation.
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Requires associations to provide written notice to mortgage holders at least 60 days before foreclosing on a lien, including the amount owed, costs, contact information, and payment instructions.
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Limits foreclosure actions to situations where the unit owner owes at least two months of common expense assessments and the executive board has voted to foreclose or adopted a standard foreclosure policy.
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Establishes that failure to provide required notice to mortgage holders results in loss of attorney's fees and costs from the priority lien amount, though the nine-month assessment priority remains.
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Allows mortgagees to collect assessments and related attorney's fees paid on behalf of mortgagors as part of the debt owed to the mortgagee.
Legislative Description
An Act Concerning The Recoupment Of Moneys Owed To A Unit Owners' Association Due To Nonpayment Of Assessments.
Last Action
Signed by the Governor
6/24/2013