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S2458
GENERAL BILL by Garcia (Compare H 0329,
CS/H 0561, S
1196, S 1222)
Condominium Foreclosures; Authorizes a condominium association to
demand payment from tenants of future rents to the association in lieu of
payment to the unit owner. Requires that coverage under a unit owner's
policy for certain assessments include at least a minimum amount of loss
assessment coverage. Requires that adequate property insurance be based upon
the replacement cost of the property to be insured as determined by an
independent appraisal or update of a prior appraisal, etc.
EFFECTIVE
DATE: 07/01/2010.
02/25/10 SENATE Filed
03/04/10
SENATE Referred to Regulated Industries; Banking and Insurance; Judiciary -SJ
00211
03/11/10 SENATE Introduced -SJ 00211
03/23/10 SENATE Withdrawn from Regulated Industries; Banking and Insurance;
Judiciary -SJ 00321; Withdrawn from further consideration -- SJ 00321
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HERE FOR ORIGINALLY FILED VERSION!
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