PROHIBITING A HOMEOWNERS ASSOCIATION FROM FORECLOSING ON PROPERTY WHERE THE DEBT SECURING THE ASSOCIATION ASSESSMENT LIEN CONSISTS SOLELY OF UNPAID HOMEOWNERS ASSOCIATION DUES OR OTHER COSTS ASSOCIATED WITH UNPAID HOMEOWNERS ASSOCIATION DUES.
Enacts new subsections in GS 47A-22 (concerning the Unit Ownership Act), GS 47C-3-116 (Condominium Act), and GS 47F-3-116 (Planned Community Act) to prohibit the association from foreclosing an association assessment lien, as specified, if the debt securing the lien consists solely of unpaid association dues, interest or late fees on unpaid dues, or attorneys’ fees incurred by the association solely associated with unpaid dues. Allows the association to collect the lien as a money judgment. Effective for assessments for homeowners association dues levied and proceedings for collection commenced on or after October 1, 2011.
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