Loading chat...

HI HB104

Bill

Status

Introduced

1/22/2015

Primary Sponsor

Isaac Choy

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Requires associations to offset any amounts owed to a unit owner against the delinquent assessment before initiating a power of sale foreclosure.

  • Associations may only conduct power of sale foreclosure if the assessment owed exceeds the total of any amounts the association owes to the unit owner.

  • Adds a new notice requirement (item 8) stating that the association may publish the public notice of sale in a newspaper or on a state website per section 667-96(d).

  • Does not affect rights, duties, penalties, or proceedings that were in place before the effective date.

  • Effective January 1, 2112.

Legislative Description

Foreclosure; Associations

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on JUD with none voting aye with reservations; none voting no (0) and Ito excused (1).

2/20/2015

Committee Referrals

Judiciary2/20/2015
Consumer Protection & Commerce1/26/2015

Full Bill Text

No bill text available