DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 440 Reengrossed 2024 Regular Session Berault
Abstract: Provides relative to the community documents of homeowner, condominium, and
property owner associations and other planned community associations.
Present law (R.S. 9:3198(A)(3)) requires in the property disclosure statement that the purchaser is
informed of any homeowners association and how to obtain the association documents.
Proposed law (R.S. 9:3198(A)(3)) requires in the property disclosure statement that the purchaser
be made aware of any homeowners, property, or condominium association, and requires that all
association documents be provided to the purchaser no later than at the time of closing.
(Amends R.S. 9:3198(A)(3))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Civil Law and Procedure to the
original bill:
1. Make technical changes.
2. Remove the requirement that homeowners associations, property owners associations,
and condominium associations conduct an annual accounting of the books and provide
a report outlining the fees and expenses for the previous fiscal year.
3. Remove the requirement that every homeowners association, property owners
association, and condominium association with dues exceeding $500,000 annually shall
have an audit of the books conducts every three years by a third-party auditor in addition
to the annual accounting.
4. Add "planned community" to the list of associations that the purchaser of a home is
made aware of in the property disclosure statement in order to provide the purchaser the
association documents prior to closing.
The House Floor Amendments to the engrossed bill:
1. Remove all provisions of proposed law other than the requirement that the property
disclosure statement inform the purchaser of any planned community and provide the association documents to the purchaser no later than at the time of closing.