H.B. 1873 - Condominiums Summary

• Clarifies that a payment plan agreement alone does not cure a nonjudicial foreclosure default; the notice of default is placed on hold pending completion of the payment plan, and foreclosure may proceed if the unit owner defaults on the plan.

• Specifies that fines imposed by associations while a payment plan is in effect do not constitute default under the payment plan, and requires associations to notify unit owners of mediation rights for disputed fines.

• Establishes that the "pay first, dispute later" requirement applies only to common expense assessments; unit owners may demand mediation before paying contested penalties, fines, late fees, lien filing fees, or other charges within 30 days of receiving a written statement.

• Allows unit owners who dispute common expense assessments to request a written breakdown of charges and permits mediation or arbitration after paying the full assessment amount.

• Act sunsets on June 30, 2020, with all amended condominium law provisions reverting to their prior form.