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Indiana Code Title 32. Property § 32-28-14-5

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 5. (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.

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Cite this article: FindLaw.com - Indiana Code Title 32. Property § 32-28-14-5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-32-property/in-code-sect-32-28-14-5/

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