SB2570sam001 94TH GENERAL ASSEMBLY

Sen. Susan Garrett

Filed: 2/10/2006

09400SB2570sam001 LRB094 18528 AJO 55798 a

AMENDMENT TO SENATE BILL 2570

AMENDMENT NO. ______. Amend Senate Bill 2570 on page 4, by replacing lines 14 through 19 with the following: "Foreclosure Law, shall have the"; and

on page 4, below line 32, by inserting the following:

"(4) The purchaser of a condominium unit at a judicial foreclosure sale, other than a mortgagee, who takes possession of a condominium unit pursuant to a court order or a purchaser who acquires title from a mortgagee shall have the duty to pay the proportionate share of the common expenses for the unit which would have become due in the absence of any assessment acceleration during the 6 months immediately preceding institution of an action to enforce the collection of assessments.".