summary
Introduced
01/21/2017
01/21/2017
In Committee
02/17/2017
02/17/2017
Crossed Over
01/28/2017
01/28/2017
Passed
02/19/2017
02/19/2017
Dead
Vetoed
01/30/2017
01/30/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO PROPERTY; AMENDING DISCLOSURE REQUIREMENTS; ALLOWING ALTERNATIVE DISPUTE RESOLUTION TO RESOLVE CERTAIN DISAGREEMENTS RELATED TO HOMEOWNER ASSOCIATIONS; ADDING A PENALTY.
AI Summary
This bill amends the Homeowner Association Act in New Mexico to make several changes. It caps the fee that an association can charge for preparing a disclosure certificate at $300, provides a process for removing board members, requires associations to hold annual meetings and provide notice of board meetings, and allows for alternative dispute resolution between lot owners and the association. The bill also requires associations to provide greater access to financial and other records for lot owners.
Committee Categories
Government Affairs, Justice
Sponsors (1)
Last Action
[LD 14] h and then to cncrd Vetoed by the Governor and date. (on 01/30/2017)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=374&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/final/HB0374.pdf |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/house/HB0374.pdf |
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