Condominiums and Homeowners Associations - Clarification

HB 615 clarifies procedures for condominium associations and homeowners associations in Maryland. It requires condominium associations to adopt budgets at open meetings and share the adopted budget with unit owners within 30 days via email, website, or newsletter. For homeowners associations, it specifies that owners can petition the local circuit court to appoint a receiver when vacancies prevent a quorum, and clarifies the court location for such petitions. The bill directly affects condominium and homeowners associations managing their finances and governance, with changes taking effect October 1, 2025.