381.799 Association's continuing lien -- Validity and priority of liens.

167 words·~1 min read·/ky/chapter-381/381-799

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The association shall have a continuing lien upon the real estate or interest in any

lot for the nonpayment of any assessment, special assessment, or charge levied in

accordance with KRS 381.797, as well as any related interest, fines, administrative

late fees, enforcement assessments, collection costs, or reasonable attorney fees that

are chargeable against the lot and that remain unpaid thirty

(30)days after any

portion has become due and payable.

(2)A lien charged and properly recorded against a property pursuant to this section is:

(a)Valid unless it is sooner released or satisfied in the same manner provided by

law for the release and satisfaction of mortgages on real property; and

(b)Prior to any other lien, except:

1. Liens for real estate taxes and liens for other governmental charges,

penalties, or assessments, including but not limited to liens filed by a

local government pursuant to KRS 65.8835; and

2. Any mortgage, liens, or encumbrances recorded prior to the lien

recordation against the property.