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2002 SESSION

• | print version

SB 519 Condominium and Property Owners' Association Acts.

Introduced by: William C. Mims | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Condominium and Property Owners’ Associations; preparation of disclosure information, rule enforcement, and resale by purchasers. Allows, with the consent of the purchaser, the electronic delivery of the resale certificate in the case of a condominium, and the disclosure package for property owners’ associations. The bill also (i) allows these associations to provide the required disclosures by electronic means with the consent of the seller and purchaser and (ii) authorizes these associations to charge certain additional costs for providing the required disclosures. The bill further provides for the settlement agent, when transmitting funds to an association to provide either the HUD-1 settlement statement or the name of the seller, the name and address of the purchaser, the address of the subject property, the date of settlement, and a brief explanation of the application of any funds transmitted.

FULL TEXT

• 01/09/02  Senate: Presented & ordered printed, prefiled 01/09/02 027847500  pdf
• 01/24/02  Senate: Committee substitute printed 022978500-S1  pdf
• 03/15/02  Senate: Bill text as passed Senate and House (SB519ER)  pdf
• 04/08/02  Governor: Acts of Assembly Chapter text (CHAP0509)  pdf

AMENDMENTS

• House amendments
• House amendments engrossed

HISTORY

• 01/09/02  Senate: Presented & ordered printed, prefiled 01/09/02 027847500
• 01/09/02  Senate: Referred to Committee on General Laws
• 01/23/02  Senate: Reported from General Laws with sub (13-Y 0-N)
• 01/24/02  Senate: Committee substitute printed 022978500-S1
• 01/25/02  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/25/02  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 01/28/02  Senate: Read second time
• 01/28/02  Senate: Reading of substitute waived
• 01/28/02  Senate: Committee substitute agreed to 022978500-S1
• 01/28/02  Senate: Engrossed by Senate - committee substitute 022978500-S1
• 01/29/02  Senate: Read third time and passed Senate (40-Y 0-N)
• 01/29/02  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 01/29/02  Senate: Communicated to House
• 02/04/02  House: Placed on Calendar
• 02/04/02  House: Read first time
• 02/04/02  House: Referred to Committee on General Laws
• 02/11/02  House: Assigned to General Laws sub-committee: 1
• 02/28/02  House: Reported from General Laws with amds (22-Y 0-N)
• 03/04/02  House: Read second time
• 03/05/02  House: Read third time
• 03/05/02  House: Committee amendments agreed to
• 03/05/02  House: Engrossed by House as amended
• 03/05/02  House: Passed House with amendments BLOCK VOTE (99-Y 0-N)
• 03/05/02  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 03/06/02  Senate: House amendments agreed to by Senate (40-Y 0-N)
• 03/06/02  Senate: VOTE: CONCUR HOUSE AMENDMENT (40-Y 0-N)
• 03/15/02  Senate: Bill text as passed Senate and House (SB519ER)
• 03/18/02  Senate: Enrolled
• 03/18/02  House: Signed by Speaker
• 03/19/02  Senate: Signed by President
• 04/05/02  Governor: Approved by Governor-Chapter 509 (effective 7/1/02)
• 04/08/02  Governor: Acts of Assembly Chapter text (CHAP0509)