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]

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

Tracking Information

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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

DateChamberAction
2016-01-12HouseFirst reading: referred to Committee on Judiciary
2016-01-12HouseAuthored by Representative Fine

Indiana State Sources


Bill Comments

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