Community Association Management

Summary

The bill would force community association managers and management firms to obtain a separate $1 million errors‑and‑omissions insurance policy before working with condominiums, cooperatives or homeowners’ associations. It also adds automatic license revocation for managers convicted of serious felonies and makes board members responsible for hiring only properly licensed firms. The changes are intended to increase financial protection and accountability for owners.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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