HB 2286

Bill Subjects

Association Boards Association Funds Or Reserves Attorneys' Fees Communications Condominium Associations Debt Collection Foreclosure Reimbursement

Abstract

Requires fees for attorneys retained by a condominium association to be paid from the association's funds or reserves, except in matters involving the collection of delinquent assessments. Prohibits associations from assessing, demanding, or seeking reimbursement from unit owners for legal fees that are in excess of twenty-five per cent of the original debt. Requires attorneys retained by an association to confine their communications to the board, except when requesting essential information from unit owners, and refrain from billing unit owners directly. Requires attorneys retained by an association for debt collection purposes to abide by the federal Fair Debt Collection Practices Act. Requires certain information to be included in each billing statement sent by the attorneys retained by an association. Clarifies that costs and expenses incurred by or on behalf of an association for foreclosing on a lien must be promptly paid on demand, as long as thirty days have elapsed since a notice of default and intention to foreclose has been served on a unit owner.