SB2644

Mississippi SB2644 caps fees for estoppel certificates issued by homeowners associations.

Mississippi SB2644 sets a cap on fees that homeowners associations can charge for issuing estoppel certificates. These certificates verify paid assessments by parcel owners. The bill specifies that no fee can be charged for the information itself, but allows a reasonable fee for preparation and delivery, not exceeding $200 if no delinquent amounts are owed. If delinquent amounts are owed, the fee cannot exceed $100. The bill also mandates that estoppel certificates be provided within ten business days of a request, with an additional $50 fee if delivered within three business days.