S2458 GENERAL BILL by Garcia (Compare H 0329, CS/CS/CS/H 0561, CS/H 0959, H 1317, CS/CS/CS/2ND ENG/S 1196) Condominium Foreclosures [CPSC]; Authorizes a condominium association to demand payment from tenants of future rents to the association in lieu of payment to the unit owner. Requires that coverage under a unit owner's policy for certain assessments include at least a minimum amount of loss assessment coverage. Requires that adequate property insurance be based upon the replacement cost of the property to be insured as determined by an independent appraisal or update of a prior appraisal, etc. EFFECTIVE DATE: 07/01/2010. 02/25/10 SENATE Filed 03/04/10 SENATE Referred to Regulated Industries; Banking and Insurance; Judiciary -SJ 00211 03/11/10 SENATE Introduced -SJ 00211 03/23/10 SENATE Withdrawn from Regulated Industries; Banking and Insurance; Judiciary -SJ 00321; Withdrawn from further consideration, companion bill(s) passed, see CS/CS/CS/SB 1196 (Ch. 2010-174) -SJ 00321
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