Wednesday, April 6, 2011

Major bill to rein in homeowners associations passes Texas Senate

A comprehensive bill to rein in homeowners associations sailed through the Senate on Tuesday, with homeowner advocates calling it a barometer of possible action on the issue.
The bill, sponsored by Royce West, D-Dallas, includes a litany of regulations and would require associations to show greater transparency, broaden voting rights, ensure homeowners pay late dues before attorney fees and stop foreclosure without a court order. Currently, HOAs must send only a certified letter warning of impending foreclosure.

Jessica Meyers reports: http://dallasne.ws/g1t943

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