New Jersey A1572 prohibits conflicts of interest by homeowners' association board members and employees.

New Jersey A1572 aims to prevent conflicts of interest among governing board members and management employees of homeowners' associations. The bill prohibits these individuals from awarding contracts to themselves, their immediate family members, or businesses in which they hold a significant interest. It also bans the employment of board members or their family members by the association. The Department of Community Affairs is tasked with investigating allegations of violations, ordering the removal of offending board members or officers, and voiding related board actions.

New Jersey A1572 prohibits conflicts of interest by homeowners' association board members and employees.

New Jersey A1572 aims to prevent conflicts of interest among governing board members and management employees of homeowners' associations. The bill prohibits these individuals from awarding contracts to themselves, their immediate family members, or businesses in which they hold a significant interest. It also bans the employment of board members or their family members by the association. The Department of Community Affairs is tasked with investigating allegations of violations, ordering the removal of offending board members or officers, and voiding related board actions.