HI HB849

Requires condominium association boards to send written notice of loan terms to all unit owners and obtain majority consent from unit owners before borrowing money for common element repairs, maintenance, or improvements

Prohibits maintenance fee increases from taking effect unless a majority of unit owners vote or provide written consent to approve the increase

Mandates forensic audits of condominium association financial records at least once every three years, with the first forensic audit due by June 30, 2026

Requires the board to distribute forensic audit results to all unit owners within 30 days of completion

Changes voting threshold for loan approval from "owners representing fifty per cent of the common interest" to "a majority of unit owners"