Utah HB0306 amends reinvestment fee regulations for common interest associations.

Utah HB0306 amends the definition and use of reinvestment fees for common interest associations. It sets limits on the amount of fees that can be imposed based on the type of association. The bill also requires associations to register with the Department of Commerce and provides for the publication of educational materials. Additionally, it mandates that 50% of reinvestment fees be deposited into reserve funds. The bill takes effect on May 6, 2026.

Utah HB0306 amends reinvestment fee regulations for common interest associations.

Utah HB0306 amends the definition and use of reinvestment fees for common interest associations. It sets limits on the amount of fees that can be imposed based on the type of association. The bill also requires associations to register with the Department of Commerce and provides for the publication of educational materials. Additionally, it mandates that 50% of reinvestment fees be deposited into reserve funds. The bill takes effect on May 6, 2026.