Summary of HB08-1365
Short Title: Foreclosure Of Lien On Time Share Estate

Sponsors: McFadyen

Allows a unit owners' association foreclosing an assessment lien against a time share estate to join in the foreclosure action multiple defendant obligors, junior lienors, or separate time share estates if:
* The foreclosure action involves a single common interest community;
* The foreclosure action is commenced by a single plaintiff;
* The default and remedy provisions in the project instruments on which the foreclosure action is based are substantially the same for each defendant; and
* The claim against each defendant is a foreclosure of a lien for assessments. In a foreclosure action involving time share estates in which multiple defendants have been joined:
* Requires a court to sever for separate trial any claim of the complaint in which a defense or counterclaim is timely raised by a defendant.
* Allows the plaintiff to name all defendants joined in the action in a single published notice when notice is required.
* Specifies that the action is a single proceeding for purposes of filing fees and service charges.

Status
03/17/2008 Introduced In House - Assigned to Local Government
03/17/2008 Introduced In House - Assigned to Local Government + Finance
04/03/2008 House Committee on Local Government Refer Amended to Finance
04/09/2008 House Committee on Finance Pass Unamended to House Committee of the Whole
04/14/2008 House Second Reading Special Order - Passed with Amendments
04/15/2008 House Third Reading Passed
04/16/2008 Introduced In Senate - Assigned to Local Government
04/24/2008 Senate Committee on Local Government Refer Unamended to Finance
04/29/2008 Senate Committee on Finance Pass Unamended to Senate Committee of the Whole
05/01/2008 Senate Second Reading Passed
05/02/2008 Senate Third Reading Passed

Amendments

Fiscal Notes Status

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