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2007 SESSION

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HB 1850 Condominium Act; filing of surety bond with Real Estate Board in lieu of escrowing deposits.

Introduced by: Christopher B. Saxman | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Condominium Act; escrow of deposits; posting of surety.  Authorizes the filing of a surety bond or letter of credit by the declarant of a condominium project with more than 50 units with the Real Estate Board in lieu of escrowing deposits. The amount of surety bonds or letters of credit is set forth in the bill.


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