IN HB1115

Caps fees for unpaid assessment statements at $50 for property resales or refinances, and prohibits HOAs from charging fees for services already included in homeowner assessments (such as common area maintenance, landscaping, and administrative duties)

Requires HOA boards to provide at least 4 days advance written notice of meetings with an agenda, and annual meeting notices must inform members of their right to demand special meetings with 10% member support

Lowers the threshold for amending HOA governing documents from 75% to two-thirds (2/3) approval of owners and mortgage holders

Establishes formal requirements for HOA fines, requiring boards to first adopt a published schedule listing violations, fine amounts, calculation methods for recurring fines, and maximum aggregate amounts per violation

Allows members to attend HOA board meetings remotely via virtual means, and permits meeting notices to be delivered by hand, mail, or electronic means