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Sen. Susan Garrett
Filed: 2/10/2006
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09400SB2570sam001 |
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LRB094 18528 AJO 55798 a |
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| AMENDMENT TO SENATE BILL 2570
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| AMENDMENT NO. ______. Amend Senate Bill 2570 on page 4, by |
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| replacing lines 14 through 19 with the following: |
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| "Foreclosure Law, shall have the"; and
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| on page 4, below line 32, by inserting the following: |
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| "(4) The purchaser of a condominium unit at a judicial |
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| foreclosure sale, other than a mortgagee, who takes |
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| possession of a condominium unit pursuant to a court order |
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| or a purchaser who acquires title from a mortgagee shall |
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| have the duty to pay the proportionate share of the common |
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| expenses for the unit which would have become due in the |
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| absence of any assessment acceleration during the 6 months |
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| immediately preceding institution of an action to enforce |
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| the collection of assessments.".
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