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Subject: A new law on Indiana HOAs?
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SheliaH
(Indiana)

Posts:884


01/10/2011 8:54 AM  
For those of you in Indiana, you may wish to keep an eye on State House bill 1058 which was introduced in the current session of the Indiana State Legislature.

According to a press release from Indiana Attorney General Greg Zoeller:

“Under state law, the Attorney General’s Office has a regulatory role over charitable and nonprofit organizations to ensure they spend donations as intended; and it can seek legal remedies such as an injunction or board reform if a nonprofit has engaged in illegal or fraudulent activity.
Attorney General Zoeller supports legislation to extend the legal safeguards on nonprofits to homeowners associations as well. The legislation would allow the Attorney General to bring a lawsuit against a homeowners association or its board and seek injunctions against illegal conduct, or seek restitution or civil penalties of up to $5,000 per violation.”

If you Google Indiana State Legislature (or just go to www.indiana.gov), you can search for the state legislature’s website and from there, read the bill, see who’s sponsoring it and track its progress. I just found out about this and haven’t looked at the law in detail yet, and while I think this can be a good law, this may also be a good opportunity for those of us on HOA boards to educate our representatives on other issues affecting HOAs in this state (for example, I’d really like to see Indiana have some sort of super lien law one of these days that might help HOAs recoup some delinquent fees lost when mortgage companies foreclose)
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Forums > Homeowner Association > HOA Discussions > A new law on Indiana HOAs?



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