Ira I. Silverstein
- Democratic
Primary
Amends the Condominium Property Act. Provides that notwithstanding any provision in any condominium instrument or bylaw, a condominium association must not: impair or restrict a condominium unit owner from securing a reverse mortgage, so long as the reverse mortgage does not adversely affect the rights of an association to collect an assessment; prevent, impair, or restrict a unit owner from borrowing money on the unit by refusing to cooperate with a lender or any federal program; or levy a fee to process or to close on a reverse mortgage or other similar financing transaction.
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Session Sine Die
Rule 3-9(a) / Re-referred to Assignments
Rule 2-10 Committee Deadline Established As March 30, 2012
To Judiciary Subcommittee on Property and Environment
Assigned to Judiciary
Filed with Secretary by Sen. Ira I. Silverstein
Referred to Assignments
First Reading
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