CONDO-CI ASSN-OMBUDSPERSON

Summary

The bill requires common interest community and condominium associations to make at least seven years of financial records available to unit owners on request. It also expands the role of the Condominium and Common Interest Community Ombudsperson, allowing investigations and binding determinations by the Department of Financial and Professional Regulation, with daily penalties for non‑compliance. The changes aim to increase transparency and enforce accountability in homeowners’ associations.

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