Legislation Updates 2019

2019 Legislative Update

APPROVED BILLS AND AFFECTED STATUTES ¬† SB 2912 –¬†Association Finances Effective January 1, 2019 Amends Civil Code Sections 5380, 5500, 5501, 5502, and 5806. SB 2912 implemented the following changes to the law: (1) homeowners associations must maintain fidelity bond coverage for boards of directors; (2) transfers greater than $10,000.00 Read more…