SF 4300
Introduction - 94th Legislature (2025 - 2026)
Posted on 03/10/2026 09:51 a.m.
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A bill for an act
relating to commerce; establishing a common interest community registration in
the Department of Commerce; proposing coding for new law in Minnesota Statutes,
chapter 515B.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
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[515B.5-101] COMMON INTEREST COMMUNITY REGISTRATION.
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new text begin Subdivision 1. new text end
new text begin Definitions. new text end
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(a) For purposes of this section, the terms defined in this
subdivision have the meanings given.
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(b) "Association" has the meaning given in section 515B.1-103, clause (4).
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(c) "Common interest community" has the meaning given in section 515B.1-103, clause
(10).
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(d) "Master declaration" has the meaning given in section 515B.1-103, clause (22).
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(e) "Master developer" has the meaning given in section 515B.1-103, clause (23).
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(f) "Unit" has the meaning given in section 515B.1-103, clause (35).
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new text begin Subd. 2. new text end
new text begin Establishment. new text end
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The Department of Commerce must establish a register that
contains the information required under subdivision 3 regarding each residential common
interest community or similar association governed by this chapter, operating within
Minnesota.
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new text begin Subd. 3. new text end
new text begin Registration required. new text end
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(a) A residential common interest community or similar
association governed by this chapter must annually register under this section if the common
interest community or similar association owns any number of units in Minnesota.
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(b) A residential common interest community or similar association governed by this
chapter must provide the following information to the department when registering:
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(1) the common interest community or association's legal name;
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(2) the common interest community or association's federal employer identification
number;
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(3) the common interest community or association's telephone number, email address,
and mailing and physical address;
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(4) the current board officers' full names, titles, email addresses, and other contact
information;
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(5) a copy of the common interest community or association's governing documents,
including but not limited to declarations, bylaws, rules, and any amendments;
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(6) the total number of parcels in the common interest community or association; and
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(7) the total amount of revenues and expenses from the common interest community or
association's annual budget.
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(c) For residential common interest communities or associations governed by this chapter
that are under the control of a master developer, the register must include:
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(1) the master developer's legal name;
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(2) the master developer's telephone number, email address, and mailing and physical
address;
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(3) the master developer's federal employer identification number;
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(4) the total number of parcels owned by the master developer on the date of reporting;
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(5) the master developer's master declaration required under section 515B.2-121;
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(6) the master developer's anticipated timeline to transfer control to the owners; and
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(7) how the master developer transfers control to the owners.
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(d) Residential common interest communities or associations governed by this chapter
that contract with a property management company must also provide the following
information:
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(1) the property management company's legal name;
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(2) the property management company's telephone number, email address, and mailing
and physical address; and
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(3) a brief description of the property management company's legal obligations under
the terms of the contract.
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new text begin Subd. 4. new text end
new text begin Registration fee. new text end
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Each residential common interest community or association
must pay an annual registration fee of $55 to support the register established in subdivision
2 and the common interest community ombudsperson under section 45.0137.
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new text begin Subd. 5. new text end
new text begin Data classification. new text end
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Data collected, created, received, or maintained pursuant
to this section is private data on individuals, as defined in section 13.02, subdivision 12.
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new text begin Subd. 6. new text end
new text begin Notice requirement. new text end
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The Department of Commerce must provide notice to a
common interest community or association that fails to register. The common interest
community or association must register as provided under this section within 60 days after
receiving the notice to register.
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new text begin EFFECTIVE DATE. new text end
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This section is effective January 1, 2027.
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