Pennsylvania HB2746 mandates disclosure of infrastructure ownership and maintenance responsibilities in real estate transactions for homeowners'.

Pennsylvania HB2746 amends Title 68 of the Pennsylvania Consolidated Statutes to require full disclosure of infrastructure ownership and maintenance responsibilities in real estate transactions for properties in homeowners' associations and condominiums. Failure to provide these disclosures before closing results in penalties: $5,000 for a first violation, $10,000 for a second violation, and $15,000 for a third and subsequent violations. This act applies to each closing on residential property occurring after its effective date.

Pennsylvania HB2746 mandates disclosure of infrastructure ownership and maintenance responsibilities in real estate transactions for homeowners'.

Pennsylvania HB2746 amends Title 68 of the Pennsylvania Consolidated Statutes to require full disclosure of infrastructure ownership and maintenance responsibilities in real estate transactions for properties in homeowners' associations and condominiums. Failure to provide these disclosures before closing results in penalties: $5,000 for a first violation, $10,000 for a second violation, and $15,000 for a third and subsequent violations. This act applies to each closing on residential property occurring after its effective date.