HB 534

Did not advance

Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts

Sponsor: Marvin E. Holmes, Jr. (District 23)Committee: Environment and TransportationSubject: Real PropertyStatus: Hearing 3/23 at 1:00 p.m. (as of Nov 9, 2023)

What this bill does

Official synopsis

Requiring that certain funds for the reserve account of a cooperative housing corporation, a residential condominium, or a homeowners association be deposited on or before the last day of each fiscal year; extending the duration to comply with a certain funding requirement related to reserve accounts; and requiring a residential condominium or a homeowners association to review the reserve study annually for accuracy.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (12)

MGA witness list

FAV 11FavorableUNF 1Unfavorable

Position	Witness	Organization	Testimony
FAV	Greenwood, Lee	Associa	Position only
FAV	Straughn, Karen	Consumer Protection Division of the Office of the Attorney General	Written (PDF)
FAV	Straughn, Karen	Consumer Protection Division of the Office of the Attorney General	Written (PDF)
FAV	Graf, Lorilobbyist	Maryland Building Industry Association	Written (PDF)
FAV	May, Lisalobbyist	Maryland REALTORS	Written (PDF)
FAV	May, Lisalobbyist	Maryland REALTORS	Written (PDF)
FAV	Silverman, Scott	Thomas Schild Law Group, LLC	Oral
FAV	Silverman, Scott	Thomas Schild Law Group, LLC	Oral + Written (PDF)
FAV	Delegate Holmes, Delegate Holmeslegislator	Individual	Oral
FAV	Delegate Holmes, Delegate Holmeslegislator	Individual	Oral
FAV	Wiggins, Grasonlobbyist	Individual	Oral
UNF	Diefenbach, Linda	Individual	Position only

Organizations on record

AssociaFAV 1

Consumer Protection Division of the Office of the Attorney GeneralFAV 2

Maryland Building Industry AssociationFAV 1

Maryland REALTORSFAV 2

Thomas Schild Law Group, LLCFAV 2

Registered lobbyists who testified

FAVGraf, LoriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association

FAVMay, LisaMaryland REALTORSRegistered for: Maryland REALTORS; Maryland Association of Realtors

FAVWiggins, GrasonRegistered for: Maryland Chamber of Commerce; United Way of Central Maryland, Inc.; Madison Marquette Property Investments LLC; Maryland Automobile Insurance Fund; Family Tree, The; OVG Facilities…