Indiana HB1152 regulates homeowners associations by limiting budget increases, allowing private meetings for litigation, and setting rules for record.

Indiana HB1152 amends the state's homeowners association regulations, prohibiting associations from increasing their annual budget beyond 110% unless specified in their governing documents. It allows directors to meet privately with legal counsel to discuss litigation. Members can inspect records, with associations allowed to charge a fee not exceeding $35 per hour for searches over one hour, capped at $200 total. Associations must provide annual budgets and notices of assessment changes to members before meetings.

Indiana HB1152 regulates homeowners associations by limiting budget increases, allowing private meetings for litigation, and setting rules for record.

Indiana HB1152 amends the state's homeowners association regulations, prohibiting associations from increasing their annual budget beyond 110% unless specified in their governing documents. It allows directors to meet privately with legal counsel to discuss litigation. Members can inspect records, with associations allowed to charge a fee not exceeding $35 per hour for searches over one hour, capped at $200 total. Associations must provide annual budgets and notices of assessment changes to members before meetings.