Bill Summary for H 175 (2013-2014)
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Summary date:
Feb 27 2013
Bill Information:
| View NCGA Bill Details | 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.
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Bill summary
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.