Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate Housing Committee hears testimony on HOA resale-certificate and inquiry bills
Summary
The committee heard Rep. Julie Reed’s bills to tighten resale-certificate requirements (ESHB 1500) and to require certified-owner inquiries responses (EHB 1501); supporters said the measures increase buyer protections and transparency, while association managers urged workable timelines and preservation of third-party processing tools.
The Senate Housing Committee on Feb. 4 took testimony on two House bills drafted to bolster consumer protections for owners in common-interest communities.
Engrossed substitute House Bill 1,500 would revise resale-certificate requirements under the Washington Uniform Common Interest Ownership Act (WICOIA) and the Washington Condominium Act. Staff said the bill would require a resale certificate to include the most current reserve study, the most recent financial audit, and all board-approved policies, procedures and resolutions currently in effect; it would permit a reasonable preparation charge limited to direct out-of-pocket costs and allow a $100 rush service fee to produce a certificate within 72 hours. The bill also would clarify purchaser liability limits for association-provided…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
