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Legislation Detail
HB 232 PROHIBIT CERTAIN HOMEOWNER ASSOCIATION FEES
Sponsored By: Rep Tara L Lujan

Actions: [3] HCEDC/HJC-HCEDC

Scheduled: Not Scheduled

Summary:
 House Bill 232 (HB 232) prohibits a homeowner association from assessing a fee on the sale of a lot or real property by an owner in the association's development.
Legislation Overview:
 House Bill 232 (HB 232) enacts a new section of the Homeowner Association Act, Section 47-16-12.1 NMSA 1978, to state that an association may not assess a fee on the sale of a lot or real property by an owner in the association's development.
Current Law: 
 The Homeowners Association Act does not currently prohibit assessment of a fee on the sale of a lot or real property by an owner in the association’s development.
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