HOAS/NO HOME FORECLOSURES.

View NCGA Bill Details2013-2014 Session
House Bill 175 (Public) Filed Wednesday, February 27, 2013
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)
H 175

Bill Summaries:

  • Summary date: Feb 27 2013 - More information

    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.


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