HOMEOWNER’S ASSOCIATIONS – Amends and adds to existing law to revise provisions regarding definitions and fee and financial disclosures and to establish provisions to provide for a period of declarant control, restrictions on board membership, and proxy votes.

H 361 (effective July 1, 2025) updates Idaho's homeowner association (HOA) laws to clarify governance and financial transparency. It establishes a defined "period of declarant control" for new HOAs (formed after July 2025), allowing developers to appoint board members until 75% of lots are sold to non-developers, after which owners must elect at least one-third of board members. The bill also restricts board membership to one owner per lot (except during declarant control), limits proxy votes to 50% per owner, and requires clearer financial disclosures about fees. These changes directly affect residents in newly developed communities governed by HOAs.