Homeowners Associations - Reserve Funding, Meeting Notices, Voting, and Records

Summary

The bill mandates homeowners associations with 100 or more lots to make key governing documents and meeting records available on a website or app. It also sets rules for reserve funding, electronic meeting notices, electronic voting, and lets the board obtain a line of credit or loan to fund reserves. The changes aim to increase transparency for owners and give associations more financing options for essential repairs.

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

Topics

Share