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New Law Grants All Forms of Community Associations a Lien Priority of up to Thirty Months

Today Governor Murphy signed a law that significantly expands the lien priority over foreclosing lenders previously available only to condominium associations, and, for the first time, grants the same lien priority rights to homeowner associations. The new law grants all community associations a lien priority of up to 30 months, based upon a six-month priority lien […]

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New Law Grants all Forms of Community Associations Lien Priority

The Becker Community Association Practice Group is pleased to alert you to a very positive change to the current law concerning association lien priority.  On Monday, March 25, 2019 both houses of the New Legislature unanimously adopted a law that will significantly expand the lien priority over foreclosing lenders that was previously available only to […]

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