General Assembly Raised Bill No. 6477
January Session, 2013 LCO No. 3116
*_____HB06477JUD___052913____*
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
(INS)
General Assembly
Raised Bill No. 6477
January Session, 2013
LCO No. 3116
*_____HB06477JUD___052913____*
Referred to Committee on INSURANCE AND REAL ESTATE
Introduced by:
(INS)
AN ACT CONCERNING THE STATUTORY LIEN FOR ASSESSMENTS ON A CONDOMINIUM UNIT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Subsection (b) of section 47-258 of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2013):
(b) A lien under this section is prior to all other liens and encumbrances on a unit except (1) liens and encumbrances recorded before the recordation of the declaration and, in a cooperative, liens and encumbrances which the association creates, assumes or takes subject to, (2) a first or second security interest on the unit recorded before the date on which the assessment sought to be enforced became delinquent, or, in a cooperative, a first or second security interest encumbering only the unit owner's interest and perfected before the date on which the assessment sought to be enforced became delinquent, and (3) liens for real property taxes and other governmental assessments or charges against the unit or cooperative. The lien is also prior to all security interests described in subdivision (2) of this subsection to the extent of (A) an amount equal to the common expense assessments based on the periodic budget adopted by the association pursuant to subsection (a) of section 47-257 which would have become due in the absence of acceleration during the [six] twelve months immediately preceding institution of an action to enforce either the association's lien or a security interest described in subdivision (2) of this subsection, and (B) the association's costs and attorney's fees in enforcing its lien. A lien for any assessment or fine specified in subsection (a) of this section shall have the priority provided for in this subsection in an amount not to exceed the amount specified in subparagraph (A) of this subsection. This subsection does not affect the priority of mechanics' or materialmen's liens or the priority of liens for other assessments made by the association.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2013 47-258(b)
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2013
47-258(b)
INS Joint Favorable
JUD Joint Favorable
INS
Joint Favorable
JUD
Joint Favorable