The measure is being held for further study, but because it is part of a national REALTOR initiative, it could gain traction, Allcock notes, "so we're watching it closely. We don't know when they might let this animal out of its cage." Fidelity Insurance Also on the RILAC's watch list is a bill that would require condominium boards to verify that their association management company or manager has fidelity insurance (which the committee thinks is a good idea) and would fine individual board members $750 if managers fail to meet that requirement- which the RILAC doesn't like at all. "It is hard enough to find owners willing to serve on association boards," All- cock notes. "Why would you volunteer to serve if you're going to be personally liable for something that may not be your fault?" Requiring managers to have fidelity insurance is desirable, Lombardi adds. "But this isn't the right way to go about it." The bill's status is "still pending." The House Judiciary Committee has held the bill for further study; the Senate has not yet held a hearing on a comparable measure. Foreclosure Advertising Requirements and Right of Redemption A bill that has been filed repeatedly surfaced again this year, with one provision the RILAC supports (streamlining foreclosure advertising requirements) and another it adamantly opposes (giving condominium owners a 30-day right of redemption following a foreclosure auction). This represents "another bite of the apple" for condo owners who have multiple opportunities during the process to clear a delinquency and avoid foreclosure, Lombardi notes. This bill "has been referred to study and stayed there" for the past two years, Allcock says-a fate the RILAC hopes it meets again this year. MAINE Residential Foreclosure Process The legislature adjourned in April withJuly 2018 CONDOMEDIA 41