| TO: | Honorable Helen Giddings, Chair, House Committee on Business & Industry |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | HB2215 by Bailey (Relating to the operation of property owners' associations.), As Introduced |
The bill would amend the Property Code as it relates to the operation of property owners' associations, including prohibiting, except as provided by a restriction created prior to September 1, 2003, an association from foreclosing a property owners' association's assessment lien unless the association first obtains a court judgment foreclosing the lien and providing for issuance of an order of sale.
A property owners' association is not a government entity. A court in which a judgment is sought would not experience a significant fiscal impact from the addition of any applicable cases filed.
| Source Agencies: |
| LBB Staff: | JOB, JRO, DLBa
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