Bill Title: Amends the Common Interest Community Association Act and the Condominium Property Act. Requires the declaration and other community or condominium instruments of a common interest community association or unit owner's association to be filed with the office of the village hall, town hall, or city hall of the village, town, or city in which the association is located and posted on the association's website. Provides that community or condominium instruments are valid upon filing with the appropriate village hall, town hall, or city hall. Requires the initial seller of any property of a common interest community to make full disclosure of, and provide copies to the prospective buyer of, the recorded declaration, other community instruments, other duly recorded covenants and bylaws, and any amendments, articles of incorporation, articles of organization, annual reports, and any rules and regulations adopted by the board. Requires the board to maintain an accurate record of its members and post such records on its website. Makes conforming and other changes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-03-10 - Rule 3-9(a) / Re-referred to Assignments [SB1562 Detail]

Text: Latest bill text (Introduced) [HTML]

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