South Carolina passes HOA reform law
Columbia, S.C. (WPDE) —
Home owners associations in South Carolina are now under more scrutiny.
Gov. Henry McMaster signed an HOA reform bill Wednesday, ending a three-year process for the bill's supporters.
According to Rep. Heather Ammons Crawford (R-Horry County), the law requires HOAs to record their governing documents with the Clerk of Court, notify potential property buyers if the property is subject to a HOA, and notify homeowners if the HOA's budget will increase at least 48 hours in advance.
In addition, the law gives HOA's power to resolve some financial disputes between the organization and homeowners, instead of having to go through attorneys.
Finally, the law requires the Department of Consumer Affairs to collect data about any complaints received regarding HOA's.
"The SC Homeowners Association Act is an important first step in providing uniformity, transparency, and relief for homeowners across our state," Crawford said.
The new law was heavily backed by realtors.