FAIRNESS TO CONDOMINIUM AND COOPERATIVE OWNERS.

SEC. 309. FAIRNESS TO CONDOMINIUM AND COOPERATIVE OWNERS. Section 523(a) of title 11, United States Code, as amended by sections 221 and 304, is amended by adding at the end the following: “(16) for a fee or assessment that becomes due and payable after the order for relief to a membership association with respect to the debtor’s interest in a dwelling unit that has condominium ownership or in a share of a cooperative housing corporation, but only if such fee or assessment is payable for a period during which— “(A) the debtor physically occupied a dwelling unit in the condominium or cooperative project; or “(B) the debtor rented the dwelling unit to a tenant and received payments from the tenant for such period, but nothing in this paragraph shall except from discharge the debt of a debtor for a membership association fee or assessment for a period arising before entry of the order for relief in a pending or subsequent bankruptcy case.”.