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Senate Appropriations Committee due-passes SB 12 38 to protect HOA homeowners; vote 5-1
Summary
The Senate Committee on Appropriations voted 5-1 to due-pass SB 12 38, a measure Senator Wahab said would require HOA managers to meet a duty of care, restrict certain reserve uses, and improve inspection-rating transparency; sponsors estimate a one-time Department of Real Estate cost of $50,000.
Senator Susan Talamantes Eggman Wahab (Senator Wahab) asked the Senate Committee on Appropriations to due-pass SB 12 38, saying the bill "will protect homeowners who reside in communities with homeowners associations by requiring additional disclosures to the homeowner, ensuring HOA managers and board act in the homeowners' best interest." The bill would require HOA managers to provide a duty of care and a highest good-faith effort to the association and…
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