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ID H0511
Bill
Status
3/24/2016
Primary Sponsor
Business Committee
Click for details
AI Summary
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Homeowner's associations may not impose fines for covenant violations unless authority is clearly stated in the covenants and restrictions and a majority board vote is taken with 30 days' written notice to the member.
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Members who begin resolving a violation before the fine vote meeting cannot be fined if they continue addressing the violation in good faith until fully resolved.
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No portion of fines may be used to increase remuneration of board members or agents of the board.
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Homeowner's associations cannot add, amend, or enforce rental restrictions on properties unless the owner of the affected property expressly agrees in writing at the time of the addition or amendment.
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Existing covenants, conditions, or restrictions limiting property transfers that applied when a homeowner acquired their interest remain enforceable.
Legislative Description
Amends existing law to provide additional prohibited conduct regarding covenants, conditions or restrictions by homeowner's associations with exceptions.
HOMEOWNER'S ASSOCIATIONS
Last Action
Reported Signed by Governor on March 24, 2016 Session Law Chapter 209 Effective: 03/24/2016
3/24/2016