VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2004 SESSION

• | print version

SB 503 Condominium and Property Owners' Association Acts; foreclosure on liens.

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

SUMMARY AS PASSED:

Virginia Condominium Act and the Virginia Property Owners Association Act; foreclosure on liens. Clarifies that an action to foreclose any liens that has been perfected under the provisions of either Acts must be initiated within 36 months from the time the memorandum of lien was recorded.

SUMMARY AS PASSED SENATE:

Virginia Condominium Act and the Virginia Property Owners Association Act; foreclosure on liens. Clarifies that an action to foreclose any liens that has been perfected under the provisions of either Acts must be initiated within 24 months.

SUMMARY AS INTRODUCED:

Virginia Condominium Act and the Virginia Property Owners Association Act; foreclosure on liens. Clarifies that the time period that owners' associations under the Condominium Act and the Property Owners Association Act may institute an action to foreclose on perfected liens is limited to within 24 months from when the memorandum of lien was recorded.