HB1115 (2014) Detail

Excluding condominium assessments from homestead rights.


HB 1115 – VERSION ADOPTED BY BOTH BODIES

2014 SESSION

14-2102

05/04

HOUSE BILL 1115

AN ACT excluding condominium assessments from homestead rights.

SPONSORS: Rep. Emerick, Rock 21; Rep. LeBrun, Hills 32; Rep. Almy, Graf 13; Rep. K. Williams, Hills 4; Rep. Andrews-Ahearn, Rock 37; Sen. Cataldo, Dist 6; Sen.?Stiles, Dist 24

COMMITTEE: Commerce and Consumer Affairs

ANALYSIS

This bill creates an exemption from the homestead right for assessments by condominiums and homeowner associations.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

14-2102

05/04

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Fourteen

AN ACT excluding condominium assessments from homestead rights.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 The Homestead Right; Exemption for Assessments by Condominium and Homeowner Associations. Amend RSA 480:4, IV to read as follows:

IV. In the enforcement of liens filed by homeowner associations or by condominium associations under RSA 356-B, for unpaid assessments against the homestead, including collection costs; and

V. In the levy of executions as provided in this chapter.

2 Effective Date. This act shall take effect January 1, 2015.