Collecting Delinquent Assessments

Collecting Delinquent Assessments

CAI advocates, at a minimum, for states to adopt the 2014 revised version of the Uniform Common Interest Ownership Act (UCIOA). Priority lien statutes serve to effectively preserve property values and balance the interests of homeowners in community associations and lenders, and are the reasonable solution to abandoned property, community blight, and zombie foreclosures.

States with Assessment Priority Lien Statutes

Currently, the 21 states shaded in blue, the District of Columbia, and Puerto Rico have assessment priority lien statutes.

What happens in condominium associations when homeowners stop paying their assessments