|HB 0398||Liens on Condominiums|
|Sponsor:||COPELAND||Handling House Bill:|
|Last Action:||04/11/95 - Voted Do Pass S Financial & Governmental Operations Committee|
|Effective Date:||August 28, 1995|
HB 398 - This act makes one modification to section 448.3- 116.2(2), RSMo.
Section 448.3-116.2(2) states that a lien of the condominium association takes priority over all other liens and encumbrances on the condominium unit except as specified in that section. The act expands the exceptions to the priority of the condominium association's lien to include a mortgage and deed of trust recorded before the date on which the assessment sought to be enforced by the condominium association became delinquent. RONALD J. LEONE