HB 6071 Summary

• Requires developers to provide prospective condominium purchasers with recorded master deeds, purchase agreements, condominium buyer's handbooks, and detailed disclosure statements about the project.

• Mandates developers disclose the condition of main building components, outstanding building code violations, and construction completion years for conversion condominiums.

• Grants condominium association assessment liens priority over first mortgages when a notice of lien is recorded and served, with a 6-month redemption period (or 1 month if property is abandoned).

• Establishes procedures for association foreclosure of assessment liens through judicial action or advertisement, allowing the association to bid at foreclosure sales and collect reasonable interest, expenses, costs, and attorney fees.

• Repeals section 58 of the Condominium Act relating to association liability.