Purpose of the Bill

The bill aims to improve transparency and understanding for residents involved in condo associations and homeowners associations (HOAs) by simplifying the explanation of governing laws and rules. This aims to help members easily understand their rights and responsibilities.

Main Provisions

• Plain-Language Explanations: The bill requires condo and HOA boards to provide clear, easy-to-understand explanations of the laws and governing documents affecting common interest communities.
• Board of Directors Training: Newly elected or reelected board members must review these plain-language documents to ensure they are equipped to inform association members.
• Member Education: Board members must provide these explanations to association members when they request help in understanding their rights and duties.
• Creation of a Guide: Appropriates funding for the development of a comprehensive guide outlining the laws governing these communities, ensuring associations have access to standard and user-friendly documentation.

Significant Changes to Existing Law

• Amends existing statutes to incorporate the requirement for plain-language documentation for condo and HOA governance.
• Introduces an obligation for board members to familiarize themselves with and distribute these resources, promoting better governance and member involvement.

Relevant Terms

• Condo Associations
• Homeowners Associations (HOAs)
• Common Interest Communities
• Plain-Language Explanation
• Governing Documents
• Board of Directors Training
• Member Rights and Responsibilities