Amends and adds to existing law to revise provisions regarding definitions and fee and financial disclosures and to establish provisions to provide for a period of declarant control, restrictions on board membership, and proxy votes.
HOMEOWNER'S ASSOCIATIONS -- Amends and adds to existing law to revise provisions regarding definitions and fee and financial disclosures and to establish provisions to provide for a period of declarant control, restrictions on board membership, and proxy votes.
STATEMENT OF PURPOSE
This legislation clarifies definitions of Homeowners Associations, (HOA). It gives the homeowners of the development where they reside representation on an HOA board on or before 180 days after 75% of the lots are conveyed to the homeowner. It also outlines the complete transfer of the HOA within 12 months to the homeowner after 95% is built and occupied and addresses proxy votes.
HOW THEY VOTED
House Third Reading
YEA (66)
NAY (0)
ABSENT / NOT VOTING (4)
Senate Third Reading
YEA (35)
NAY (0)
LATEST ACTION
Reported Signed by Governor on March 28, 2025 Session Law Chapter 204 Effective: 07/01/2025
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Mar 31, 2025