(j) Assessments for common expenses accrue, free from the lien of a foreclosing first mortgagee, from and after the date of sale of a condominium unit pursuant to Title 14, section 6323.’
| HP0978 LD 1332 |
First Regular Session - 125th Maine Legislature C "B", Filing Number H-454, Sponsored by
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LR 880 Item 3 |
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| Bill Tracking, Additional Documents | Chamber Status | ||
Amend the bill by striking out all of section 1.
Amend the bill by striking out all of section 8.
Amend the bill in section 9 by striking out all of subsection (j) (page 3, lines 4 to 6 in L.D.) and inserting the following:
(j) Assessments for common expenses accrue, free from the lien of a foreclosing first mortgagee, from and after the date of sale of a condominium unit pursuant to Title 14, section 6323.’
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
summary
This amendment is the minority report of the Joint Standing Committee on Judiciary.
This amendment deletes the proposed priority lien for condominium assessments that would take priority over a first mortgage.
This amendment provides that assessments for common expenses accrue, free from the lien of a foreclosing first mortgagee, from and after the date of sale of the condominium unit. The bill states the starting time is the initial date set for public sale.