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ID H0520
Bill
Status
2/9/2018
Primary Sponsor
Business Committee
Click for details
AI Summary
House Bill 520 Summary
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Homeowners' associations must provide property owners a statement of their account within 3 business days of request, at no cost to the owner.
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Account statements must include the annual charges against the property, due dates, and any unpaid assessments or other charges owed.
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Condominium bylaws must require management bodies to provide unit owners a statement of account within 3 business days of notice, without cost.
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Creates new Idaho Code Section 55-1528 establishing identical statement of account requirements for condominium management bodies, including required content and 3-business-day deadline.
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Replaces outdated language in existing condominium bylaws requirements regarding notice periods and statement procedures.
Legislative Description
Amends and adds to existing law to require homeowner associations and management bodies of condominiums to provide statements of property owner accounts within a specified time after receipt of a request; to provide that statements shall be without cost to owners; and to provide for content of statements.
HOMEOWNER'S ASSOCIATIONS AND CONDOMINIUMS
Last Action
Reported Printed and Referred to Business
2/12/2018