Super Lien Legislation Introduced!

Great news! The Ohio General Assembly has heard the voice of Ohio’s community associations.  House Bill 226 was introduced by Representative John Rogers and is co-sponsored by Representatives Lepore-Hagan and Sheehy. House Bill 226 contains the “Super Lien” language that would give Ohio’s condominium and homeowner associations lien priority. If the “Super Lien” legislation is enacted, it mandates that a condominium and homeowner association lien has priority over the bank’s first mortgage in a foreclosure for up to six months in assessments. This legislation is vital for Ohio’s community associations, and if passed, brings Ohio up-to-date with other states around the country that have already passed similar legisation to protect the financial stability of community associations.


You can find a copy of this important legislation at:


https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA131-HB-226


 
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