MD SB71

Establishes a Task Force on Common Ownership Communities to study condominiums, cooperative housing corporations, and homeowners associations in Maryland

Task Force includes 17 members: 4 legislators, state agency representatives, an alternative dispute resolution expert, and public members representing board directors, homeowners, attorneys, insurance agents, CPAs, community managers, and builders

Required study areas include education and training needs for community boards and homeowners, feasibility of statewide alternative dispute resolution services, potential creation of a permanent State Commission, and whether to require licensing for community managers

Final report with findings and recommendations due to the Governor and General Assembly by December 31, 2026

Takes effect June 1, 2025 and automatically sunsets on June 30, 2027