Common interest communities; foreclosure remedy. Prohibits certain bills to enforce a lien from being entertained if the real estate is the judgment debtor's primary residence and the judgment is for assessments levied by certain common interest community associations if the amount secured by one or more judgments exclusive of interest and costs does not exceed $5,000. The bill also requires such common interest community associations to maintain individual assessment account records. Finally, the bill requires such associations to maintain records of any recorded lien during the effective duration of such lien. As introduced, the bill was a recommendation of the Virginia Housing Commission. This bill is identical to HB 880.

Statutes affected:
Senate: Prefiled and ordered printed; offered 01/10/24 24104522D: 8.01-463, 55.1-1815, 55.1-1833, 55.1-1945, 55.1-1966, 55.1-2148, 55.1-2151, 55.1-2305
Senate: Committee substitute printed 24105442D-S1: 8.01-463, 55.1-1815, 55.1-1833, 55.1-1945, 55.1-1966, 55.1-2148, 55.1-2151, 55.1-2305
Senate: Printed as engrossed 24105442D-ES1: 8.01-463, 55.1-1815, 55.1-1833, 55.1-1945, 55.1-1966, 55.1-2148, 55.1-2151, 55.1-2305
Senate: Bill text as passed Senate and House (SB341ER): 8.01-463, 55.1-1815, 55.1-1833, 55.1-1945, 55.1-1966, 55.1-2148, 55.1-2151, 55.1-2305
Governor: Acts of Assembly Chapter text (CHAP0349): 8.01-463, 55.1-1815, 55.1-1833, 55.1-1945, 55.1-1966, 55.1-2148, 55.1-2151, 55.1-2305