ND SB2229

Sellers of properties in HOAs or condominium projects must provide written disclosures to buyers within 10 days of executing a sale agreement, covering fees, assessments, bylaws, reserve funds, budgets, insurance, pending lawsuits, violations, and leasing restrictions

HOAs and condominium projects must furnish required documents to sellers within 10 days of request and may charge a reasonable fee for providing the documents

Buyers may void the purchase contract until disclosures are provided and for 5 days after receipt; buyers are not liable for unpaid assessments exceeding amounts stated in the disclosed documents

Sellers must provide written amendments if material facts change after disclosure but before closing or possession

Passed the Senate 44-2 and the House 87-4