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MI HB6072

Bill

Official Source

Status

Introduced

11/29/2012

Primary Sponsor

Thomas McMillin

Click for details

Origin

House of Representatives

96th Legislature

AI Summary

  • Enacts the "Owners Association Lien Priority Act" to establish lien priority rules for homeowners and property owners associations in Michigan
  • Grants association liens for unpaid fees priority over mortgage liens on the same property, regardless of when the mortgage was given, attached, or recorded
  • Defines "fees" to include assessments, interest, collection charges, late charges, attorney fees, fines, and advances by the association to pay taxes or other liens
  • Applies the priority rule only to association liens that are properly recorded
  • Covers liens on property belonging to association members or former members who owe unpaid fees

Legislative Description

Civil procedure; foreclosure; homeowners' or property owners' associations liens; give priority over mortgage liens. Creates new act.

Civil procedure, foreclosure

Last Action

Printed Bill Filed 11/30/2012

12/4/2012

Committee Referrals

Banking And Financial Services11/29/2012

Full Bill Text

No bill text available