Bill

Bill > HSB748


IA HSB748

IA HSB748
A bill for an act relating to residential real estate, including access to records of unit owners associations and the disclosure of home inspection information.


summary

Introduced
02/17/2026
In Committee
02/17/2026
Crossed Over
Passed
Dead
05/03/2026

Introduced Session

91st General Assembly

Bill Summary

H.F. _____ This bill relates to access to records of unit owners associations and the disclosure of home inspection information in residential real estate transactions. Code section 499C.2 (records and documents —— access) requires a unit owners association, the association’s designee, or the association’s management company to make certain records and documents available to a unit owner or the unit owner’s authorized agent upon request. The bill requires a unit owners association, the association’s designee, or the association’s management company to make available certification concerning the payment of dues, fees, or assessments that states whether dues, fees, or assessments are paid in full or delinquent, and identifies any known future dues, fees, or assessments. Under current law, a unit owners association, a unit owners association’s designee, or a unit owners association’s management company may charge a reasonable fee for any required record produced under Code section 499C.2. The bill requires that, upon request, a unit owner or the unit owner’s authorized agent be provided reasonable documentation supporting the fee charged to ensure the fee does not exceed the cost of producing the required records. Under current law, following the completion of a home inspection report by a home inspector, the person to whom the report was prepared must provide a copy without charge of the home inspection report upon the request of the seller of the inspected property. The bill strikes this requirement and instead requires the buyer or the buyer’s authorized agent to provide without charge portions of the home inspection report that relate to the remediation requests made by the buyer or the buyer’s authorized agent upon the request of the seller of the inspected property. The bill provides that if the buyer or the buyer’s authorized agent fails to provide the applicable portions of the inspection report to the seller of the inspected property, the seller may cancel the purchase contract for the inspected property without penalty.

AI Summary

This Study Bill aims to clarify procedures for accessing information within residential real estate transactions, specifically concerning unit owners associations and home inspections. For unit owners associations, which are groups of homeowners in condominiums or similar properties that manage common areas and enforce rules, the bill mandates that they must provide a certification upon request detailing the status of dues, fees, or assessments, including whether they are paid in full or are delinquent, and any known future charges. Additionally, if an association or its management company charges a fee for providing these records, they must now provide documentation to justify that fee, ensuring it only covers the actual cost of producing the records. In the context of home inspections, which are evaluations of a property's condition, the bill shifts the responsibility for providing portions of the inspection report related to repair requests. Previously, the seller could request the full report from the buyer for free; now, the buyer must provide only the sections concerning their repair demands to the seller, and failure to do so allows the seller to cancel the sale contract without penalty.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Ways and Means (House)

Last Action

House Ways and Means Subcommittee (12:30:00 3/11/2026 RM 102) (on 03/11/2026)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...