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Bill > H7411
RI H7411
RI H7411Requires condominium associations to charge a reduced fee to update a condominium resale certificate after issuance of the initial certificate.
summary
Introduced
01/30/2026
01/30/2026
In Committee
01/30/2026
01/30/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would require condominium associations to charge a reduced fee to update a condominium resale certificate after issuance of the initial certificate. This act would take effect on September 1, 2026.
AI Summary
This bill requires condominium associations to charge a reduced fee for updating a condominium resale certificate, which is a document containing important financial and legal information about a unit and the association that a seller must provide to a potential buyer. Specifically, after the initial resale certificate is issued, associations can charge no more than $25.00 to provide an updated electronic or physical version, a significant reduction from the previous maximum fee of $125.00 for the initial certificate. This change aims to make it more affordable for unit owners to obtain updated information when selling their property and will take effect on September 1, 2026.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, referred to House Corporations (on 01/30/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText26/HouseText26/H7411.pdf |
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