Join the CAI Missouri Legislative Action Committee (CAI MOLAC) in supporting SB 481 – Establishes the “Missouri Homeowners’ Association Act,” which aims to strengthen protections for homeowners and communities across the state. This bill is being considered by the Senate Emerging Issues and Professional Registration Committee.
This critical legislation empowers homeowners and association members to address serious issues that may arise, regardless of the overall state or quality of their association’s governing documents or the length of time since the property was developed. The bill enhances communities like yours by classifying associations as nonprofit corporations, granting them protections under the Missouri Nonprofit Corporation Act, and standardizing issues like voting procedures, meeting notification, and liability insurance within a homeowners’ association.
SB 481 will help Missouri Homeowners’ Associations thrive by:
- Establishing Clear Guidelines and Ensuring Fair Governance: SB 481 introduces clear guidelines and regulations, providing homeowners with a transparent framework within which their rights and responsibilities are defined. This clarity promotes fairness and mitigates potential disputes within planned communities.
- Accounting for Differences in Quality of Construction: This legislation acknowledges fact that not all builders are reputable or will follow best practices and provides homeowners with options for remedying any poor construction and holding builders accountable.
- Addressing Dispute Resolution: The bill includes provisions for arbitration and nonbinding dispute resolution. By reducing reliance on the judicial system, SB 481 facilitates efficient and amicable dispute resolution within planned communities.
- Protecting Declarant Rights: The legislation acknowledges the rights of declarants to administer, develop, and convey real property, ensuring that developers can fulfill their responsibilities while safeguarding homeowners' interests.
Tell your Senator to support SB 481 to enhance protections for communities across Missouri!
