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Homeowner's Associations; Revises, provides, & removes provisions relating to recall of board members of homeowners' associations; revises provisions relating to delivery of certain notices; specifies when board member is delinquent in paying assessments; revises & provides requirements relating to elections, recall disputes, arbitration, court actions, & attorney fees; provides financial reporting requirements; requires certain documents be provided to prospective purchasers before executing contract; authorizes prospective purchasers to cancel contract under certain circumstances.