HOMEOWNERS ASSOC. LIENS

HB 440 restricts homeowners associations (HOAs) from foreclosing on liens for small delinquencies or fines. Specifically, it prohibits HOAs from foreclosing if: (1) the delinquency is less than 12 months, (2) the amount owed is under $5,000, or (3) the lien consists solely of fines (not regular assessments). The bill directly affects homeowners who might face HOA foreclosure for minor unpaid dues or fines. It modifies state law to limit HOA foreclosure power while allowing associations to collect regular assessments through standard lien processes.