The Committee on Labor, Commerce and Industry proposes the following amendment (LC-3447.SA0002H):

Amend the bill, as and if amended, SECTION 1, by striking Section 29-3-810 and inserting:

 Section 29-3-810. Effective January 1, 2026, any homeowners association with the authority granted in Section 27-31-210 or its governing documents to foreclose on the property of a homeowners association member must in the case of a default by a defendant property owner make application for a rule to show cause to be issued to the defendant property owner. No foreclosure sale may be noticed prior to the issuance of the rule to show cause.

Amend the bill further, SECTION 2, by striking Section 27-30-130(D) and inserting:

 (D) Effective January 1, 2026, any provision in a homeowners association's governing documents granting the homeowners association with the authority to foreclose on the property of a homeowners association member must adhere to the requirements of Section 29-3-810.

Renumber sections to conform.

Amend title to conform.