Minnesota HF4518 establishes a registration system for residential common interest communities within the Department of Commerce.

Minnesota HF4518 creates a registration system for residential common interest communities, requiring these communities to annually submit specific information to the Department of Commerce. The register will include details such as the community's legal name, contact information, and financial data. Communities under master developer control must also provide the developer's information. The data collected is classified as private and will be used to support the register and a common interest community ombudsperson. The bill mandates an annual registration fee of $55.

Minnesota HF4518 establishes a registration system for residential common interest communities within the Department of Commerce.

Minnesota HF4518 creates a registration system for residential common interest communities, requiring these communities to annually submit specific information to the Department of Commerce. The register will include details such as the community's legal name, contact information, and financial data. Communities under master developer control must also provide the developer's information. The data collected is classified as private and will be used to support the register and a common interest community ombudsperson. The bill mandates an annual registration fee of $55.