Homeowners' Associations Foreclosures Sales Requirements

HB24-1158
Summary

The bill requires certain notices to be sent to unit owners in an HOA before the HOA may foreclose on the unit for past due assessments, limits who can purchase the foreclosed unit, and sets a minimum initial bid amount for the HOA at auction. The bill limits a court's award of reasonable attorney fees that an HOA incurs when foreclosing on an HOA lien to $2,500.

Legislative Updates

• 2024-04-16 / Introduced
  House Third Reading Lost - No Amendments
• 2024-04-14
  House Third Reading Laid Over Daily - No Amendments
• 2024-04-14
  House Third Reading Laid Over Daily - No Amendments
• 2024-04-12
  House Third Reading Laid Over to 04/14/2024 - No Amendments
• 2024-04-10
  House Third Reading Laid Over Daily - No Amendments
• 2024-04-08
  House Third Reading Laid Over to 04/10/2024 - No Amendments
• 2024-04-05
  House Second Reading Special Order - Passed with Amendments - Committee, Floor
• 2024-03-25
  House Second Reading Laid Over Daily - No Amendments
• 2024-03-20
  House Committee on Transportation & Local Government Refer Amended to House Committee of the Whole
• 2024-01-31
  Introduced In House - Assigned to Transportation, Housing & Local Government
  

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