AN ACT CONCERNING COURT-ORDERED ACCOUNTINGS OF COMMON INTEREST COMMUNITY FINANCIAL RECORDS AND REVISING THE DISCLOSURE REQUIREMENTS RELATING TO COMMON INTEREST COMMUNITIES.

Summary

The bill lets a group representing at least 20% of voting units petition a Superior Court to order an independent audit of a common interest community’s financial records, provided they meet specific certification and forensic‑accountant requirements. It also revises the standard property questionnaire to include more detailed disclosures about community dues, reserve funds, and other land‑use issues, and expands the statutory powers of homeowners’ associations.

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