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MN SF1750
Bill
Status
5/6/2025
Primary Sponsor
Eric Lucero
Click for details
AI Summary
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Late fees for HOA assessments are capped at $15 or 5% of the amount owed (whichever is greater), and fines for violations are limited to $100 per single violation with exceptions for serious health/safety impacts, property damage, or prohibited rental activity
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Associations must provide 60 days' advance notice before adopting new rules, allow unit owner comment at meetings, and establish a mandatory dispute resolution process before taking collection actions against unit owners
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Foreclosure on HOA liens is restricted to cases where unpaid assessments exceed $1,500 (or $2,500 for units with monthly assessments over $500) or have been outstanding for 120+ days, and attorney fees cannot be included in reinstatement amounts
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Board members face new conflict of interest requirements including prohibition on participating in votes where they have financial interests, and contracts over $50,000 require three competitive written bids with affiliated bids disclosed
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Local governments are prohibited from conditioning residential development approvals on the creation of homeowners associations or specific HOA governing document terms, effective January 1, 2026
Legislative Description
Common interest communities provisions modifications
Last Action
Author stricken Limmer
5/7/2025