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Sponsor seeks cap on resale 'new owner' fees in HOAs, supporters propose alternative caps
Summary
Delegate Kim Ross pressed for HB 15‑06 to cap new‑owner (capital contribution) fees at resales — sponsor proposes one month's assessment (open to three months) — proponents argue it prevents surprise closing‑table charges and discriminatory gating while CAI and industry witnesses proposed higher caps and governing‑document amendments.
Delegate Kim Ross presented HB 15‑06 as a targeted affordability and transparency measure that would cap new‑owner fees charged by common‑ownership communities (HOAs, condo associations) on resales. Ross said the bill would not affect starter contributions for new developments; its focus is resales where communities already collect monthly assessments…
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