The Nevada's Homeowners' Association Super Priority Lien report released on July 5, 2017, is a direct attack on consumer protections in place to protect the property value and investment of more than 500,000 residents living in Nevada community associations.
Click here for CAI's full response to the Nevada report. Click here for Typical HOA Foreclosure Timeline.
The banking trade is attacking priority lien laws throughout the country. CAI State Legislative Action Committees must respond. Click here for State LAC initiative resources.
CAI endorses legislation that provides community associations with an assessment lien priority equal to the amount of assessments that are due over the term of the lien of a first mortgage or deed of trust.
Currently, 21 states, the District of Columbia and Puerto Rico have assessment priority lien statutes.
AlabamaAlaskaColoradoConnecticutDelawareDistrict of Columbia
MissouriNevadaNew HampshireNew JerseyOregonPennsylvania
Puerto RicoRhode IslandVermontWashingtonWest Virginia
Click here to view a report of pending priority lien legislation.