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.