Indiana HB1115 amends homeowners association governance by setting new rules for meetings, fines, and record inspections.

HB1115 introduces several changes to how homeowners associations (HOAs) operate in Indiana. It mandates that HOA boards provide members with at least four days' written notice of board meetings, including an agenda and the right to demand a special meeting. The bill also specifies that HOAs can only require a quorum of up to 25% of members to be present at a meeting. Additionally, it allows HOAs to assess fines for covenant violations if a schedule of fines has been adopted and communicated to the member.

Indiana HB1115 amends homeowners association governance by setting new rules for meetings, fines, and record inspections.

HB1115 introduces several changes to how homeowners associations (HOAs) operate in Indiana. It mandates that HOA boards provide members with at least four days' written notice of board meetings, including an agenda and the right to demand a special meeting. The bill also specifies that HOAs can only require a quorum of up to 25% of members to be present at a meeting. Additionally, it allows HOAs to assess fines for covenant violations if a schedule of fines has been adopted and communicated to the member.