Reinvestment Fee Amendments

Summary

The bill updates Utah statutes to clarify what fees homeowners' associations may impose, limits the amount they can charge, and requires half of any reinvestment fee to go into reserve funds. It also forces all associations to register with the Department of Commerce, provide detailed fee and contact information, and renew each year. Associations that do not register cannot create or enforce liens until they become compliant.

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

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