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MN SF1308
Bill
Status
3/13/2013
Primary Sponsor
Greg Clausen
Click for details
AI Summary
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Removes fines for violations of declaration, bylaws, and rules from assessment lien provisions, making them unenforceable as liens and recoverable only through civil action instead.
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Keeps fees, charges, late charges, and interest charges as enforceable liens on units for unpaid assessments.
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Maintains existing lien priority rules where association assessment liens are senior to all other liens except those recorded before the declaration, first mortgages, real estate taxes, and master association liens.
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Preserves foreclosure procedures for association liens in condominiums, planned communities, and cooperatives through existing state law chapters 580, 581, 582, and the Uniform Commercial Code.
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Clarifies that new unit owners acquiring title after first mortgage foreclosure remain subject to association liens for unpaid assessments from the preceding six months.
Legislative Description
Minnesota common interest ownership act lien provisions modifications
Last Action
Referred to Judiciary
3/13/2013