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IN HB1107
Bill
Status
3/25/2014
Primary Sponsor
Daniel Leonard
Click for details
AI Summary
HEA 1107 Summary
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Applies to land developments with at least 250 single-family homes and at least 2 different sections of lots governed by one homeowners association but subject to different covenants, with titles conveyed and first plats recorded at least 15 years prior.
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Allows homeowners associations to record unified replacement covenants by distributing proposed covenants and petitions to lot owners, requiring approval from either the percentage specified in existing covenants or two-thirds of all lot owners.
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Permits signatures on petitions to be affirmed before a notary public or verified through an affidavit from a homeowners association officer, rather than requiring notarization as typically mandated.
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Prohibits new replacement covenants from changing or adding provisions relating to minimum lot area or minimum home size in any single section of lots.
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Makes new replacement covenants effective prospectively from the recording date; existing homes and lots lawfully compliant under previous covenants do not require alteration to meet new covenant standards.
Legislative Description
Recording of homeowners association covenants.
Last Action
Public Law 122
3/25/2014