Limits increase in association dues for unit owners in association of planned real estate development to 10 percent under certain circumstances.

This bill caps annual increases in homeowners' association dues for unit owners in planned real estate developments at 10% per year, with limited exceptions. Unit owners can request investigations by the Division of Consumer Affairs, file lawsuits seeking $1,000 penalties per violation, or use alternative dispute resolution if dues exceed the limit. Associations must refund overcharged amounts if violations are confirmed. Associations may also petition the Commissioner of Community Affairs for exceptions to the 10% cap, though the commissioner must act within 90 days.