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House passes bill requiring timely HOA dues disclosures and transfer fee disclosures
Summary
Senate File 2448 would require homeowners’ association dues information be provided to unit owners within 10 business days, allow sellers access to home inspections when requested, and require disclosure of fees tied to property transfers; technical amendments passed and the House approved the bill.
Representative from Dallas presented Senate File 2448 to require dues information be provided to HOA unit owners within 10 business days, to clarify that future-dues disclosures apply to formally approved dues and to require disclosure of fees related to property transfers. The sponsor described the measure as a transparency bill that will aid realtors and closings.
A technical amendment (H8257) clarified that reasonable costs may apply to producing a dues certificate; the amendment passed and the bill passed by roll call (ayes 95; no 0; not voting 5). Representative Judge supported the measure as providing transparency and helpfulness to realtors.
Supporters framed the bill as improving consumer access to HOA information during home transfers; no fiscal impact or opposition on the floor was recorded.
