Condominium Act Amendments on Calendar for Friday

03/07/2012 7:33 PM | Anonymous

3/7/12 Update: SB 680 has been placed on the Special Order Calendar for Friday 3/9/12.

3/6/12 Update:  SB 680 was "withdrawn" from its last committee of reference and placed on the Senate calendar for second reading. 

2/29/12:   HB 319 was approved by the full House by a vote of 114-1.

2/23/12  HB 319 by Rep. George Moraitis, passed in its final committee yesterday and progressed to second reading before the full house.   Among many changes to the Condominium Act, this bill extends the “Bulk Buyer” protections through 2015 – so hopefully this will help move more condominium units.   It also provides some much needed clarity on the question of when subsequent purchasers are liable for late fees, interest, costs, and reasonable attorney fees incurred by the association in attempts to collect from prior owners.

The senate companion, SB 680 by Sen. Bogdanoff is awaiting action by the budget committee, it’s last committee of reference.  

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