summary
Introduced
02/20/2025
02/20/2025
In Committee
05/06/2025
05/06/2025
Crossed Over
05/06/2025
05/06/2025
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to common interest communities; modifying powers and duties of common interest communities; modifying rights of a unit owner; modifying threshold for termination of a common interest community; establishing dispute resolution process; modifying notice of meetings; limiting late fees, fines, and attorney fees; modifying foreclosure requirements; establishing conflict of interest standards for board members; prohibiting local governments from requiring creation of homeowners associations; amending Minnesota Statutes 2024, sections 515B.1-102; 515B.1-103; 515B.2-103; 515B.2-119; 515B.3-102; 515B.3-103; 515B.3-106; 515B.3-107; 515B.3-108; 515B.3-115; 515B.3-1151; 515B.3-116; 515B.4-102; 515B.4-1021; 515B.4-116; Laws 2024, chapter 96, article 2, section 13; proposing coding for new law in Minnesota Statutes, chapter 515B.
AI Summary
This bill proposes comprehensive modifications to Minnesota's common interest community (CIC) laws, affecting homeowners associations, condominiums, and planned communities. The bill introduces numerous consumer-friendly provisions aimed at protecting unit owners and improving transparency and fairness in CIC governance. Key changes include establishing a dispute resolution process, limiting late fees and fines, modifying board meeting requirements, creating conflict of interest standards for board members, and restricting local governments from mandating homeowners associations. Specifically, the bill requires associations to: provide detailed budgets to unit owners, allow owners to comment on proposed changes, implement a formal dispute resolution process, limit attorney fees and collection costs, disclose fine schedules, and prohibit retaliation against owners who assert their rights. The bill also adds requirements for competitive bidding on contracts, restricts parking restrictions, and mandates more transparent financial reporting. These modifications apply to common interest communities created both before and after August 1, 2010, with most provisions becoming effective January 1, 2026. The overall intent appears to be enhancing unit owners' rights, increasing association accountability, and providing clearer guidelines for CIC operations.
Committee Categories
Business and Industry, Housing and Urban Affairs, Justice
Sponsors (4)
Last Action
Author stricken Limmer (on 05/07/2025)
Official Document
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