Bill Summary for H 1084 (2011-2012)
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Summary date:
Jun 13 2012
Bill Information:
| View NCGA Bill Details | 2011-2012 Session |
TO: (1) REQUIRE ASSOCIATIONS TO RELEASE LIENS UPON PAYMENT IN FULL; (2) REQUIRE ALL ASSOCIATIONS TO CONDUCT FINANCIAL REVIEWS OR FINANCIAL AUDITS; (3) ALLOW USE OF ALTERNATIVE DISPUTE RESOLUTION FOR CONFLICTS ARISING UNDER THE PLANNED COMMUNITY ACT OR CONDOMINIUM ACT; AND (4) SIMPLIFY THE COLLECTION OF PROPERTY TAXES THAT ARE DUE ON PROPERTY OWNED BY CERTAIN NONPROFIT HOMEOWNERS’ ASSOCIATIONS, AS RECOMMENDED BY THE HOUSE SELECT COMMITTEE ON HOMEOWNERS ASSOCIATIONS.Intro. by Jordan, Justice, R. Moore, Spear.
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Bill summary
House committee substitute makes the following changes to 1st edition.
Amends GS 47F-3-108 (meetings, Planned Community Act) and GS 47C-3-108 (meetings, Condominium Act) to declare null and void any actions taken at a meeting that is held in violation of the association’s bylaws or any provision of the respective Chapters. Provides that no association members are bound by any ruling made in that meeting.
Makes additional technical and clarifying changes. Amends the title to make clarifying changes.