homeowners' associations; foreclosure process

The threshold for foreclosure was increased from $1,200 or one year of delinquency to $10,000 or eighteen months of delinquency, whichever happens first.

A special rule was added stating that for special assessments of $10,000 or more, the eighteen-month delinquency period is the only requirement for foreclosure.

HOA boards are now required to make reasonable efforts to communicate with delinquent owners and offer a payment plan before filing a foreclosure lawsuit.

New requirements mandate that HOAs provide specific written notices to owners before handing over debt collection to attorneys or third-party agencies.

HOAs must provide detailed statements of account to owners, and failure to provide these statements to licensed escrow agents within ten days can extinguish the lien.

Personal expenses owed by unit or property owners are explicitly excluded from being foreclosed upon; the HOA can only place a judgment lien on the property after winning a court case.

The bill clarifies that common expense liens cover assessments, late fees, collection costs, and court-awarded attorney fees, but excludes personal expenses of the owner.