HB159 (2019) Detail

Relative to condominium association unit owner payments in arrears.


HB 159 - AS INTRODUCED

 

 

2019 SESSION

19-0103

10/08

 

HOUSE BILL 159

 

AN ACT relative to condominium association unit owner payments in arrears.

 

SPONSORS: Rep. Webb, Rock. 6; Rep. Pantelakos, Rock. 25; Rep. D. Thomas, Rock. 5; Rep. Crawford, Carr. 4; Sen. Reagan, Dist 17; Sen. Carson, Dist 14

 

COMMITTEE: Commerce and Consumer Affairs

 

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ANALYSIS

 

This bill allows for the budget of a condominium unit owners association to collect additional operating costs resulting from owners in arrears.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-0103

10/08

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT relative to condominium association unit owner payments in arrears.

 

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

 

1  New Paragraph; Condominium Act; Budgets and Special Assessments; Arrearages.  Amend RSA 356-B:40-c by inserting after paragraph II the following new paragraph:

II-a.(a)  The board of directors may establish a special account in the budget to cover additional operating costs as a result of unit owner arrearages.  

(b)  If the board of directors establishes a budget that includes any costs or reserves that are intended to cover arrearages, that amount shall be considered a special assessment, and subject to use restrictions as described in this section.  The board of directors may keep a balance in this account for the purpose of paying costs associated with arrearages or legal expenses incurred as a result of arrearages owed to the association.

(c)  All arrearages charged on behalf of a unit owner shall be kept as a separate line item in the budget.  As payments are collected, such payments shall be repaid to the association and deposited into the special account.  The board of directors shall credit any repayment by an owner in arrears, along with any fines, late fees, or assessments, to the special account.  

(d)  Any cost associated with collecting the amounts in arrears, including attorneys fees, shall be charged to the owner that is in arrears.

2  Effective Date.  This act shall take effect 60 days after its passage.

Links


Date Body Type
Jan. 16, 2019 House Hearing
Jan. 22, 2019 House Exec Session
House Floor Vote
Feb. 14, 2019 House Floor Vote
Feb. 27, 2019 House Floor Vote

Bill Text Revisions

HB159 Revision: 4465 Date: Dec. 27, 2018, 9:16 a.m.

Docket


Feb. 28, 2019: Inexpedient to Legislate: MA RC 288-49 02/28/2019 HJ 7 P. 47


: Special Order to 2/27/2019 Without Objection HJ 5 P. 77


Feb. 14, 2019: Removed from Consent (Rep. Webb) 02/14/2019 HJ 5 P. 5


Feb. 14, 2019: Committee Report: Inexpedient to Legislate for 02/14/2019 (Vote 18-0; CC) HC 11 P. 2


: Committee Report: Inexpedient to Legislate (Vote 18-0; CC)


: Committee Report: Inexpedient to Legislate (Vote 18-0; CC)


Jan. 22, 2019: Executive Session: 01/22/2019 01:30 pm LOB 302


Jan. 22, 2019: Subcommittee Work Session: 01/22/2019 09:30 am LOB 302


Jan. 16, 2019: Public Hearing: 01/16/2019 10:30 am LOB 302


Jan. 2, 2019: Introduced 01/02/2019 and referred to Commerce and Consumer Affairs HJ 2 P. 39