HB2471 Summary

• Requires sellers, property managers, and condominium boards to disclose the existence of measured toxic mold in units, adjacent units, common elements, and any remediation efforts to prospective buyers.

• Voids and makes unenforceable any confidentiality agreements or provisions that prohibit, limit, or restrict disclosure of measured toxic mold between unit owners and property managers or associations.

• Allows unit owners to sue condominium boards for specific performance to remove mold and take preventive measures when measured toxic mold exists, a resident suffers symptoms, and proper notice has been given.

• Authorizes the Attorney General or local county public health departments to investigate unremediated mold complaints and assess penalties up to $5,000 per month (not exceeding 50% of unit value) if remediation is not undertaken within one year of notice.

• Creates the Condominium Mold Remediation Fund to receive penalty collections and distribute grants for mold remediation and housing repair, with priority given to residents earning 75% or less of Area Median Income.