LRB-5567/1

KRP&ARG:amn&wlj

2021 - 2022 LEGISLATURE

2021 Senate BILL 865

January 13, 2022 - Introduced by Senator Ballweg, cosponsored by Representatives Brooks, Allen, Kuglitsch, Krug and Subeck. Referred to Committee on Housing, Commerce and Trade.

SB865,1,4 An Act to create 182.01 (7) and 710.18 of the statutes; relating to: regulating homeowners' associations and requiring the Department of Financial Institutions to create a filing system for notices filed by homeowners' associations.

Analysis by the Legislative Reference Bureau

This bill creates requirements for and restrictions on the authority of certain homeowners' associations.

Applicability

The bill applies to a homeowners' association only if all of the following apply:

1. The homeowners' association is an entity that is created to manage or regulate, or to enforce covenants and restrictions for, real estate that includes at least one residential lot (residential planned community).