Clarifies that condominium associations that have obtained title to a unit through foreclosure may retain rental income received prior to the appointment of a commissioner in a subsequent foreclosure, but the association may be required by a court to remit rental income received after the appointment of a commissioner to be held until an order of distribution is entered by the court. Effective 7/1/3000. (HD1)

Statutes affected:
SB2765: 514B-146
SB2765 SD1: 514B-146
SB2765 HD1: 514B-146