Pending Legislation Could Significantly Affect Homeowners and HOA’s

If you are a homeowner in a neighborhood with an HOA, or thinking about purchasing a home in a neighborhood with an HOA, then you may benefit from some pending state legislation if it becomes law.   On the other side of the coin, if you are an HOA or property management company, this pending legislation is something to keep an eye on as it could have a significant impact on an HOA’s ability to enforce liens and collect debts owed by a homeowner. Here are just a few of the highlights of the pending bills that, if passed, would become new law:  (H3886) Owners (sellers) of property that is subject to an HOA would have to disclose the HOA’s governing…