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NM HB380 to Cap the cost of HOA Disclosure Certificate to $150
In the News: HB380 to Cap the cost of HOA Disclosure Certificate to $150 In the recent session of the New Mexico Legislature, there was a big push to pass legislation that would cap the amount that HOA'scould charge for the Disclosure Certificate. The interesting finding was that the original bill requires the HOA to “charge a reasonable fee” for the certificate. Unfortunately, that was too vague, because it was reported that the charges ranging from $100 to $1000 were being charged to get this certificate. This bill would definitely be of benefit to the consumer. No more do they have to be gauged by these HOA ... more
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