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HI HB650

Bill

Status

Introduced

1/23/2017

Primary Sponsor

Angus McKelvey

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Requires condominium associations to provide unit owners' requested documents, records, and information in hard copy format within 15 days of request (reduced from 30 days).

  • Mandates that the association's most current financial statement and board meeting minutes be made available at the manager's office on the property and via email or mail at no cost.

  • Requires associations to make all required documents available for download through an internet website at no cost to unit owners.

  • Establishes that any violation of these disclosure requirements constitutes a breach of a board's fiduciary duty, though board members may avoid liability by taking affirmative action to ensure compliance by employees and managing agents.

  • Caps reasonable document reproduction fees at $1 per page (or portion thereof) for standard-sized pages, with exceptions for larger formats.

Legislative Description

Relating To Real Property.

Condominiums

Last Action

Passed Second Reading as amended in HD 1 and referred to the committee(s) on JUD with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).

2/17/2017

Committee Referrals

Judiciary2/17/2017
Consumer Protection & Commerce1/25/2017

Full Bill Text

No bill text available