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HI SB2484
Bill
Status
2/10/2014
Primary Sponsor
Rosalyn Baker
Click for details
AI Summary
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Makes grantees of property units or lots jointly and severally liable with the grantor for all unpaid assessments owed by the grantor for their share of common expenses up to the time of transfer, without prejudice to the grantee's right to recover amounts paid from the grantor.
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Requires the board of directors, managing agent, or resident manager to provide a statement to both grantor and grantee setting forth the amount of unpaid assessments against the grantor upon request.
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Limits grantee liability to the amount stated in the board's assessment statement, except for subsequently dishonored checks received within 30 days before the statement date.
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Addresses oversight by escrow officers and off-the-books property transfers where community associations failed to receive notification of sales and payment on delinquent association dues.
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Provides a remedy for planned community associations similar to remedies available to condominium associations for collecting unpaid assessments from prior owners.
Legislative Description
Community Associations; Unpaid Assessments
Last Action
Referred to CPC, JUD, referral sheet 20
2/11/2014