HR1751: HR1751 Condominium associations, property owners' associations, and any other corporations or voluntary entities; provide transparency to members; urge

26 LC 62 0475 House Resolution 1751 By: Representatives Lewis-Ward of the 115 th, Hugley of the 141 st, Greene of the 154 th, Wilkerson of the 38th, and Powell of the 33rd A RESOLUTION Urging condominium associations, property owners' associations, and any other corporations1 or voluntary entities formed for the purpose of exercising the powers of a homeowners' or2 property owners' association governing a common interest commun ity to provide3 transparency to members of such associations; and for other purposes.4 WHEREAS, ownership of a condominium or single-family home represents the fulfillment5 of the American dream and a significant investment in a person's financial future; and6 WHEREAS, many condominiums and single-family homes are located in condominium7 associations, property owners' associations, and other corporat ions or voluntary entities8 formed for the purpose of exercising the powers of a homeowners ' or property owners'9 association governing a common interest community; and10 WHEREAS, such associations may levy assessments, special assessments, and other fees on11 members; and12 WHEREAS, purchasers of properties in such associations may not know their properties are13 burdened by assessments, special assessments, or other fees; and14 H. R. 1751 - 1 - 26 LC 62 0475 WHEREAS, members of such associations may not be aware they owe such assessments,15 special assessments, or other fees or that such assessments, special assessments, or other fees16 have not been paid; and17 WHEREAS, such associations should provide contact information for requests for statement18 of account in an easy to find location on its public website or made available to members and19 promptly providing detailed statements of account to members up on request listing20 assessments, due dates for assessments, any assessments due to such associations, and any21 scheduled assessments that will become due to avoid the potential consequence of a member22 losing his or her home for not paying assessments and other fees.23 NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES that24 the members of this body urge condominium associations, property owners' associations, and25 any other corporations or voluntary entities formed for the purpose of exercising the powers26 of a homeowners' or property owners' association governing a common interest community27 to provide transparency to members of such associations.28 BE IT FURTHER RESOLVED that such associations are urged to prov ide contact29 information for requests for statement of account in an easy to find location on its public30 website or made available to members and promptly providing detailed statements of account31 to members upon request listing assessments, due dates for assessments, any assessments due32 to such associations, and any scheduled assessments that will become due.33 BE IT FURTHER RESOLVED that the Clerk of the House of Representatives is authorized34 and directed to make appropriate copies of this resolution avai lable for distribution to the35 public and the press.36 H. R. 1751 - 2 -