Senate approves bill tightening HOA records disclosure and inspection reporting

Senator Bussello, recognized for opening comments, described Senate File 24 48 as legislation originating from realtors that updates disclosure requirements for homeowners associations and real-estate transactions. The bill would require HOA records to indicate whether dues have been paid, permit someone seeking HOA records to request proof that fees charged were reasonable and based on production/reproduction costs, and require disclosure of portions of a home inspection report that assert faults; the sponsor said failure to disclose such portions could allow a transaction to be voided.

Bussello moved that SF 24 48 be read for the final time and placed on its passage. The secretary read the bill title and the chamber proceeded to roll-call vote. The clerk announced 42 yeas and 0 nays; the presiding officer declared the bill passed and the title agreed to.

Senator Bussello described the bill as codifying ‘‘common-sense’’ disclosure rules for real-estate transactions and HOA records. No floor amendments or public-comment testimony were recorded in the transcript for this item. After passage, the bill was included among those ordered messaged immediately.