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AL SB326
Bill
Status
3/15/2017
Primary Sponsor
Robert Ward
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AI Summary
SB326 Summary
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Creates the Alabama Homeowners' Association Act to govern homeowners' associations responsible for maintaining common areas and levying enforceable assessments and liens.
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Requires homeowners' associations formed after January 1, 2018, to organize as nonprofit corporations under Chapter 3, Title 10A, Code of Alabama 1975, and file articles of incorporation, bylaws, and covenants with the Secretary of State.
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Mandates the Secretary of State implement and maintain a public searchable electronic database organized by association name containing filed documents.
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Grants associations the authority to adopt reasonable rules for common area use, assess penalties for violations, suspend facility access for nonpayment, and enforce liens on lots for unpaid assessments with proper recording and notice.
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Repeals the previous Alabama Homeowners' Association Act (Chapter 20, Title 35, Code of Alabama 1975) effective January 1, 2018.
Legislative Description
Homeowners' Associations, formation as a nonprofit corporation, required, certain documents to be filed with Secretary of State, Secretary of State to implement a database of such filings, Secs. 35-20-1 to 35-20-14, inclusive, repealed
Property, Real and Personal
Last Action
Read for the first time and referred to the Senate committee on Fiscal Responsibility and Economic Development
3/15/2017