Current through P.L. 171-2024
Section 32-28-14-5 - Homeowners association lien; notice of lien requirements(a) All sums assessed by a homeowners association but unpaid for the share of the common expenses chargeable to an owner of real estate in a subdivision constitute a homeowners association lien on the real estate effective as provided in section 6 of this chapter.(b) The priority of a homeowners association lien is established on the date the notice of the lien is recorded under section 6 of this chapter.(c) A notice of lien may not be recorded under subsection (a) unless the notice of lien: (1) contains: (A) the name and address of the homeowners association;(B) the address and legal description of the property that is subject to the lien;(C) the name of the owner of the property that is subject to the lien; and(D) the amount of the lien; and(2) is: (A) signed by an officer of the homeowners association; and(B) acknowledged as in the case of deeds.As added by P.L. 135-2007, SEC.3.