Amend CSSB 507 as follows: (1) In SECTION 1 of the bill, on page 2, line 45 (Committee Printing), between "a" and "property", insert "residential". (2) In SECTION 1 of the bill, on page 3, line 18, (Committee Printing), between "to" and "foreclose", insert "collect a regular or special assessment or". (3) In SECTION 1 of the bill, strike Subsection (c) on page 4, lines 16 through 20 (Committee Printing), and substitute: (c) Attorney's fees and other costs incurred by the association collected from an owner shall be deposited into an account maintained at a financial institution in the name of the association or its managing agent. Only members of the association's board or its managing agent or employees of its managing agent may be signatories on the account.