HF 5348

as introduced - 93rd Legislature (2023 - 2024) Posted on 04/24/2024 05:11pm

A bill for an act
relating to commerce; creating a homeowner's association database; proposing
coding for new law in Minnesota Statutes, chapter 45.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

[45.60] DATABASE FOR COMMON INTEREST COMMUNITY.

(a) By ..., the Department of Commerce must establish a searchable database that contains
information regarding each common interest community, as defined in section 515B.1-103,
clause (10), operating within Minnesota. The database must be accessible on the common
interest community's webpage. The database must allow a user to search the name by which
a community is identified to find the common interest community that governs the
community. At a minimum, the database must include:

(1) the common interest community's legal name;

(2) the common interest community's federal employer identification number;

(3) the common interest community's mailing and physical address;

(4) the names, email addresses, and other contact information of the common interest
community's officers and directors;

(5) a copy of the common interest community's governing documents, including but not
limited to declarations, bylaws, rules, and any amendments;

(6) the total number of parcels in the common interest community; and

(7) the total amount of revenues and expenses from the common interest community's
annual budget.

(b) For common interest communities that are under the control of a developer, the
database must also include the following information:

(1) the developer's legal name;

(2) the developer's federal employer identification number; and

(3) the total number of parcels owned by the developer on the date of reporting.