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Senate committee holds package of condominium law changes for further study
Summary
The committee heard testimony on a set of condominium law bills covering deductible-notice requirements, mortgagee approval timelines, and remote participation rules for associations; after testimony from condo managers, attorneys and resident leaders, members voted to hold the bills for further study.
Lawmakers in the Senate Committee on Housing and Municipal Government on April 3 took testimony on multiple bills aimed at modernizing condominium association rules and then voted to hold the measures for further study.
Senate Bill 496, 507, 508 and 509 (several introduced by different sponsors) address overlapping condominium concerns: notice to unit owners when an association’s master insurance deductible increases (SB507), a process for condominium associations to obtain mortgagee approvals within a fixed timeframe (SB508), and authority for associations to permit remote participation and electronic voting at meetings (SB509). Testimony emphasized operational impacts for associations and…
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