House Bill No. 2800 aims to enhance transparency and accessibility regarding homeowners' associations (HOAs) and their governing documents. The bill mandates that managing entities of real estate developments retain and electronically provide copies of recorded covenants, conditions, and restrictions within 72 hours of a request. It also requires homeowners associations to notify residents within five business days of any updates to these documents. Additionally, the bill sets limits on fees that can be charged for various documents and prohibits fees for certain reports related to property conditions. It further restricts the ability of associations to impose covenants that limit the fair economic use of properties, including rental rights.

The bill includes amendments to existing law, specifically modifying the terminology in Section 857 of Title 60, and clarifying the responsibilities of settlement services providers in delivering copies of recorded documents during property transactions. It establishes a fee cap of $175 for individual fees assessed by associations and outlines the process for homeowners to obtain statements of good standing. Furthermore, it limits the frequency of updates to fine structures to once per calendar year and requires associations to maintain and disclose their financial records. The act is set to take effect on November 1, 2025.