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Committee advances SB 201 to clarify condo defect notice, HOA rules and fees
Summary
The Senate Business and Labor Committee voted to favorably recommend SB 201, a package of real-estate-related changes that includes required notice to developers before lawsuits over condominium defects, clearer HOA fee and protest rules, and limited authority for an owner—s attorney-in-fact to handle common-area transactions.
Senate Business and Labor Committee members voted to give a favorable recommendation to Senate Bill 201, titled "Real Estate Amendments," after debate and a technical amendment.
The bill, sponsored on the floor by Senator Daniel Harper, would clarify homeowners association (HOA) rules including notice requirements for increased fees and the procedure owners may use to protest them. It also authorizes an HOA representative or an owner—s attorney-in-fact to handle…
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