Staff Analysis of the Legislation
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HB 422 amends Chapter 3 of Title 44, relating to regulation of specialized land transactions. No foreclosure action against a lien on a condominium shall be permitted unless the amount of the lien is at least $2,000. This also applies to home owner association foreclosures. The obligation for the payment of assessments and fees arising from covenants shall include the cost of collection, including reasonable attorney’s fees actually incurred. |