Maryland HB1260 mandates online publication of resale disclosures for common ownership communities.
Maryland HB1260 requires common ownership communities to publish specific resale disclosures online. This includes cooperative housing corporations, condominiums, and homeowners associations. The bill mandates that these entities maintain certain information on their websites in a downloadable format and at no cost. This information pertains to the community's financial status, legal obligations, and any pending claims or lawsuits. The bill also outlines the fees that can be charged for providing additional information about individual units or lots.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.