IN HB1358 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2016 - 25% progression, died in committee
Action: 2016-01-12 - First reading: referred to Committee on Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 12 2016 - 25% progression, died in committee
Action: 2016-01-12 - First reading: referred to Committee on Judiciary
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Condominium and homeowners association liens. Amends the statutes concerning condominium liens and homeowners association liens to provide that if the mortgagee of a first mortgage, or if any other purchaser, obtains title to: (1) a condominium unit; or (2) real estate in a subdivision; as applicable, as a result of foreclosure of the first mortgage, the acquirer of title is not liable for the share of the common expenses or assessments that are chargeable to the unit or real estate and that became due before the date the judgment of foreclosure is issued by the court, if the judgment of
Title
Condominium and homeowners association liens. Amends the statutes concerning condominium liens and homeowners association liens to provide that if the mortgagee of a first mortgage, or if any other purchaser, obtains title to: (1) a condominium unit; or (2) real estate in a subdivision; as applicable, as a result of foreclosure of the first mortgage, the acquirer of title is not liable for the share of the common expenses or assessments that are chargeable to the unit or real estate and that became due before the date the judgment of foreclosure is issued by the court, if the judgment of
Sponsors
History
Date | Chamber | Action |
---|---|---|
2016-01-12 | House | First reading: referred to Committee on Judiciary |
2016-01-12 | House | Authored by Representative Fine |
Indiana State Sources
Type | Source |
---|---|
Summary | https://iga.in.gov/legislative/2016/bills/house/1358/details |
Text | http://iga.in.gov/static-documents/f/f/b/c/ffbc185d/HB1358.01.INTR.pdf |