AN ACT REQUIRING THAT RESALE CERTIFICATES APPLY TO CERTAIN COMMON INTEREST COMMUNITIES.

HB 6144 requires that resale certificates - documents disclosing a community's financial health to potential buyers - apply to condominiums and homeowner associations created before January 1, 1984. Currently, these pre-1984 communities are exempt from the resale certificate requirement under the Common Interest Ownership Act. The bill extends the existing resale certificate rules to cover all such older communities, ensuring they provide financial disclosures to buyers. This change applies directly to residents and buyers in these specific pre-1984 common interest communities.