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OH HB226
Bill
Status
5/21/2015
Primary Sponsor
John Rogers
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AI Summary
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Amends sections 5311.18 and 5312.12 of the Ohio Revised Code to modify condominium and planned community association lien provisions.
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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.
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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.
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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.
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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