Title 57 Chapter 8a Part 3 Section 301
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| Index | Utah Code |
| Title 57 | Real Estate |
| Chapter 8a | Community Association Act |
| Part 3 | Collection of Assessments |
| Section 301 | Lien in favor of association for assessments and costs of collection.
(Effective 7/1/2024)
|
Effective 7/1/2024
57-8a-301. Lien in favor of association for assessments and costs of collection.
Amended by Chapter 401, 2023 General Session
57-8a-301. Lien in favor of association 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 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 lot 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 have liens for assessments on the same lot, the liens have equal priority, regardless of when the liens are created. |
Amended by Chapter 401, 2023 General Session
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