HB 1375 Summary

• Increases minimum damages for denied access to association records from $500 to $50 per calendar day (up to 30 days) and allows members to sue community association managers or management firms for violations

• Requires homeowners' associations to pay annual fees of $2 per lot to the Department of Business and Professional Regulation to cover administrative and operational costs

• Prohibits fines of less than $1,000 from becoming liens against parcels and establishes minimum damages for record access denials at $50 per day up to 10 days instead of flat $500

• Creates new provisions for binding arbitration of election disputes and optional binding arbitration for disputes over covenants, restrictions, rules, and assessments

• Requires sellers to provide prospective homeowners' association members with governing documents at least 7 days before closing and allows 3-day contract termination right; creates cause of action against developers for false or misleading information and unauthorized use of association funds