Title 57 Chapter 8 Section 44
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| Index | Utah Code |
| Title 57 | Real Estate |
| Chapter 8 | Condominium Ownership Act |
| Section 44 | Lien in favor of association of unit owners for assessments and costs of collection.
(Effective 7/1/2024)
|
Effective 7/1/2024
57-8-44. Lien in favor of association of unit owners for assessments and costs of collection.
Amended by Chapter 401, 2023 General Session
57-8-44. Lien in favor of association of unit owners for assessments and costs of collection.
| (1) |
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| (2) | If an assessment is payable in installments, a lien described in Subsection (1)(a)(i) is for the full amount of the assessment from the time the first installment is due, unless the association of unit owners otherwise provides in a notice of assessment. |
| (3) |
An unpaid assessment or fine accrues interest at the rate provided:
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| (4) |
A lien under this section has priority over each other lien and encumbrance on a unit except:
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| (5) | A lien under this section is not subject to Title 78B, Chapter 5, Part 5, Utah Exemptions Act. |
| (6) | Unless the declaration provides otherwise, if two or more associations of unit owners have liens for assessments on the same unit, the liens have equal priority, regardless of when the liens are created. |
Amended by Chapter 401, 2023 General Session
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