Prohibits common interest communities from penalizing members who place unit into living, revocable trust fund or classifying placement as title transfer.

This bill prohibits common interest communities (such as homeowners' associations, condominiums, and cooperatives) from charging transfer fees when a member places their unit or cooperative shares into a living, revocable trust. Currently, some communities could treat trust placements as ownership transfers and impose fees like transfer taxes or membership charges. The bill explicitly states that trust placement does not constitute a title transfer under governing documents, eliminating the basis for these fees. Communities may still charge a reasonable fee for actual administrative costs related to processing the transfer, but not fees tied to ownership change.