H1243: Homeowners' Associations
Legislative Summary
Provides requirements for community association managers & firms; provides & revises requirements for association's official records; requires association to assist in law enforcement investigation; requires associations to prepare audited financial statements; prohibits use of certain debit cards; revises requirements for director education; provides criminal penalties for actions by officer, director, or manager of association; requires standards be applied & enforced reasonably & equitably; requires written notice to parcel owners; authorizes consent to online voting electronically.
Demographic Impact
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