Maryland SB919 updates rules for homeowners associations on reserve funding, meeting notices, voting, and record-keeping.

Maryland SB919 revises regulations for homeowners associations, allowing them to secure lines of credit or loans to fund reserves with a majority vote. It mandates that meeting notices be sent electronically if the homeowners association authorizes it, the lot owner consents, or an officer certifies delivery. Meetings can be held electronically without specific authorization, and recordings must be kept as official records. The bill requires certain documents, like declarations, bylaws, and financial statements, to be posted online.

Maryland SB919 updates rules for homeowners associations on reserve funding, meeting notices, voting, and record-keeping.

Maryland SB919 revises regulations for homeowners associations, allowing them to secure lines of credit or loans to fund reserves with a majority vote. It mandates that meeting notices be sent electronically if the homeowners association authorizes it, the lot owner consents, or an officer certifies delivery. Meetings can be held electronically without specific authorization, and recordings must be kept as official records. The bill requires certain documents, like declarations, bylaws, and financial statements, to be posted online.