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OH HB226

Bill

Status

Introduced

5/21/2015

Primary Sponsor

John Rogers

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Origin

House of Representatives

131st General Assembly (2015-2016)

AI Summary

  • Amends sections 5311.18 and 5312.12 of the Ohio Revised Code to modify condominium and planned community association lien provisions.

  • Establishes that a portion of common expense assessments is prior to previously-created liens (except real estate taxes and first mortgages), giving associations a superior security interest up to six months of assessments plus reasonable attorney's fees and foreclosure costs.

  • Designates unit owners association liens as continuing liens subject to automatic adjustments reflecting unpaid interest, administrative late fees, enforcement assessments, collection costs, attorney's fees, paralegal fees, and court costs.

  • Extends the lien validity period to five years from filing date and clarifies that liens remain valid unless released, satisfied, or discharged by court order.

  • Applies identical provisions to planned community owners associations through amendments to section 5312.12.

Legislative Description

Addresses condominium association liens

Housing and Real Property

Last Action

Refer to Committee: Commerce and Labor

5/26/2015

Committee Referrals

Commerce and Labor5/26/2015

Full Bill Text

No bill text available