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ID H0361
Bill
Status
3/31/2025
Primary Sponsor
Ways and Means Committee
Click for details
AI Summary
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HOAs formed after July 1, 2025 must offer at least one-third of board positions to non-declarant owners within 180 days after 75% of lots are sold, and declarants must complete full transfer of HOA control within 12 months after 95% of development is built and occupied
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Only one owner per lot may serve on an HOA board at a time, and members of the same household cannot serve concurrently on the same board; no single owner may hold proxies representing more than 50% of total HOA votes
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HOAs must provide member assessment account statements within 5 business days of written request at no charge, and charging a fee for this statement is a violation of the Idaho Consumer Protection Act
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Transfer fees may only be charged if expressly authorized in the declaration, must go solely to the HOA with no portion allocated to third parties or board members, and cannot exceed amounts disclosed in annual fee disclosure statements provided by January 1 each year
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Applies to HOAs formed after July 1, 2025, with proxy restrictions not applying to HOAs with fewer than 20 residences or during declarant control periods
Legislative Description
Amends and adds to existing law to revise provisions regarding definitions and fee and financial disclosures and to establish provisions to provide for a period of declarant control, restrictions on board membership, and proxy votes.
HOMEOWNER'S ASSOCIATIONS
Last Action
Reported Signed by Governor on March 28, 2025 Session Law Chapter 204 Effective: 07/01/2025
3/31/2025