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MN HF5347

Bill

Status

Introduced

4/11/2024

Primary Sponsor

Amanda Hemmingsen-Jaeger

Click for details

Origin

House of Representatives

93rd Legislature 2023-2024

AI Summary

  • Amends Minnesota Statutes section 513.73, subdivision 3 to clarify that fees charged by homeowner's associations, condominiums, cooperatives, mobile home associations, and property owner's associations for estoppel letters or certificates are not considered private transfer fees.

  • Creates new statute 515B.1-118 prohibiting associations and their authorized agents from directly or indirectly charging fees for the preparation or delivery of estoppel letters or certificates.

  • Declares that any unauthorized fees or charges issued in violation of the estoppel letter prohibition are void.

  • Applies to common interest communities including homeowner's associations, condominiums, cooperatives, mobile home associations, and property owner's associations.

Legislative Description

Common interest communities prohibited from charging fees for estoppel letters or certificates.

Last Action

Introduction and first reading, referred to Commerce Finance and Policy

4/11/2024

Committee Referrals

Commerce Finance & Policy4/11/2024

Full Bill Text

No bill text available