This bill amends provisions relating to homeowners' associations.
This bill:
- defines terms;
- establishes the Office of the Homeowners' Association Ombudsman;
- establishes the duties, jurisdiction, and functions of the Office of the Homeowners' Association Ombudsman;
- requires the Office of the Homeowners' Association Ombudsman to issue an advisory opinion under certain circumstances;
- provides the circumstances under which an advisory opinion of the Office of the Homeowners' Association Ombudsman is admissible in a subsequent proceeding;
- makes void and unenforceable a homeowners' association transfer fee under certain conditions;
- establishes requirements for a homeowners' association to impose a reinvestment fee;
- changes requirements for amending governing documents;
- authorizes the Department of Commerce to set and impose an annual registration fee on a homeowners' association;
- requires a homeowners' association to renew the association's registration annually;
- sets limits on the amount a homeowners' association may charge as a late fee;
- requires that a homeowners' association provide, upon request, certain documents;
- prohibits a declarant from selling a part of a common area during the period of administrative control under certain circumstances; and
- prohibits a homeowners' association from charging any costs associated with producing certain documents.

Statutes affected:
Introduced: 57-1-46, 57-8-8.1, 57-8-17, 57-8-32, 57-8-39
Substitute #1: 57-1-46, 57-8-8.1, 57-8-17, 57-8-32, 57-8-39
Substitute #2: 57-1-46, 57-8-8.1, 57-8-13.1, 57-8-17, 57-8-32, 57-8-39