Amends GS 47C-3-116 of the NC Condominium Act and GS 47F-3-116 of the NC Planned Community Act, removing authority for an owners association to foreclose an assessment lien against a property owner. States that associations may bring action to recover the amount of an assessment lien, as well as costs and attorneys' fees. Effective October 1, 2013, and applies to association assessment liens filed on or after that date.
HOAS/NO HOME FORECLOSURES.
Printer-friendly: Click to view
| View NCGA Bill Details(link is external) | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT PROVIDING THAT HOMEOWNER ASSOCIATIONS MAY NOT FORECLOSE ON ASSOCIATION ASSESSMENT LIENS.Intro. by R. Moore, Alexander, Hamilton.
Status: Ref to the Com on Judiciary Subcommittee A, if favorable, Regulatory Reform, if favorable, Finance (House Action) (Feb 28 2013)
Bill History:
-
Wed, 27 Feb 2013 House: Filed(link is external)
-
Thu, 28 Feb 2013 House: Passed 1st Reading(link is external)
H 175
Bill Summaries:
-
Bill H 175 (2013-2014)Summary date: Feb 27 2013 - View Summary
View: All Summaries for Bill