Sen. Susan Garrett

Filed: 2/10/2006

 

 


 

 


 
09400SB2570sam001 LRB094 18528 AJO 55798 a

1
AMENDMENT TO SENATE BILL 2570

2     AMENDMENT NO. ______. Amend Senate Bill 2570 on page 4, by
3 replacing lines 14 through 19 with the following:
4 "Foreclosure Law, shall have the"; and
 
5 on page 4, below line 32, by inserting the following:
6         "(4) The purchaser of a condominium unit at a judicial
7     foreclosure sale, other than a mortgagee, who takes
8     possession of a condominium unit pursuant to a court order
9     or a purchaser who acquires title from a mortgagee shall
10     have the duty to pay the proportionate share of the common
11     expenses for the unit which would have become due in the
12     absence of any assessment acceleration during the 6 months
13     immediately preceding institution of an action to enforce
14     the collection of assessments.".