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MN SF5064

Bill

Status

Introduced

3/18/2024

Primary Sponsor

Susan Pha

Click for details

Origin

Senate

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, and mobile home 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 any unauthorized fees or charges issued in violation of the prohibition to be void.

  • Applies to common interest communities including homeowner's associations, condominium associations, cooperative associations, and mobile home associations.

Legislative Description

Common interest communities charging fees for estoppel letters or certificates prohibition

Last Action

Author added Boldon

4/18/2024

Committee Referrals

Judiciary and Public Safety3/18/2024

Full Bill Text

No bill text available