55-3205. DISCLOSURE OF FEES AND FINANCIAL DISCLOSURES. (1) A homeowner’s association or its agent must provide a member and the member’s agent, if any, a statement of the member’s account no more than five (5) business days after a request by the member or the member’s agent is received by the manager, president, board member, or other agent of the homeowner’s association, or any combination thereof. The statement of account must include, at a minimum, the amount of annual charges against the property, the date when said amounts are due, and any unpaid assessments or other charges due and owing from such member at the time of the request. The homeowner’s association will be bound by the amounts set forth within the statement of account.
(2) On or before January 1 of each year, a homeowner’s association or its agent must provide its members a disclosure of fees that will be charged to a member in connection with any transfer of ownership of his property. Fees imposed by a homeowner’s association for the calendar year following the disclosure of fees may not exceed the amount set forth on the annual disclosure, and no surcharge or additional fees may be charged to any member in connection with any transfer of ownership of his property. No fees may be charged for expeditiously providing a member’s statement of account as set forth in this section.
(3) A homeowner’s association or its agent must provide a member and the member’s agent, if any, an up-to-date financial disclosure no more than ten (10) business days after a request by the member or the member’s agent is received by the manager, president, board member, or other agent of the homeowner’s association, or any combination thereof.
(4) Within sixty (60) days of the close of the fiscal year, a homeowner’s association or its agent must provide all members of the organization, and the member’s agent, if any, with an up-to-date and reconciled financial disclosure for the fiscal year.
History:
[55-3205, added 2022, ch. 323, sec. 4, p. 1041.]
Structure Idaho Code
Title 55 - PROPERTY IN GENERAL
Chapter 32 - HOMEOWNER’S ASSOCIATION ACT
Section 55-3201 - SHORT TITLE.
Section 55-3202 - LEGISLATIVE INTENT.
Section 55-3203 - DEFINITIONS.
Section 55-3204 - ADMINISTRATION OF AN INCORPORATED OR UNINCORPORATED HOMEOWNER’S ASSOCIATION.
Section 55-3205 - DISCLOSURE OF FEES AND FINANCIAL DISCLOSURES.
Section 55-3206 - VIOLATIONS — DUE PROCESS AND NOTICE — LIMITATION ON FINES — ATTORNEY’S FEES.
Section 55-3207 - HOMEOWNER’S ASSOCIATION LIENS.
Section 55-3208 - SOLAR PANELS.