AN ACT RELATING TO PROPERTY -- CONDOMINIUM LAW

HB 5826 creates a new process allowing condominium associations to require written approval from unit mortgage holders (homeowners' lenders) for certain association actions, such as major repairs or budget changes. It specifies that associations must mail written requests to mortgage holders using recorded addresses, and if no written denial is received within 60 days, the approval is deemed granted. The bill explicitly states that mortgage holder approval cannot override basic association control over daily operations or affect litigation, insurance claims, or legal proceedings. This bill directly affects condo associations and their lenders, adding a formal step for certain decisions. The bill was introduced in February 2025 but withdrawn on March 4, 2025.