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MN SF1308

Bill

Status

Introduced

3/13/2013

Primary Sponsor

Greg Clausen

Click for details

Origin

Senate

88th Legislature 2013-2014

AI Summary

  • 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.

  • Keeps fees, charges, late charges, and interest charges as enforceable liens on units for unpaid assessments.

  • 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.

  • 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.

  • 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

Committee Referrals

Judiciary3/13/2013

Full Bill Text

No bill text available