North DakotaSB 22292025 Regular SessionSenate

AN ACT to create and enact a new section to chapter 47-10 of the North Dakota Century Code, relating to required disclosures before the sale of a condominium unit or a property subject to a homeowners' association or a condominium project.

Sponsored By: Josh Boschee (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New disclosures for homes with associations

North Dakota sellers of homes covered by a homeowners' association or condominium project must give buyers written disclosures. These are due by an agreed date or within 10 days after signing the sale or transfer agreement. Documents must include information from at least the 90 days before the agreement takes effect. Disclosures cover regular charges, unpaid amounts, approved special assessments, transfer fees, collection policies, and remedies for nonpayment. Sellers must also provide governing documents, including bylaws, rules, and the declaration, excluding plats and plans. They must include official minutes from the last two meetings. Financial records must show operating and reserve budgets, year-to-date finances, reserve and capital funds, and money committed to projects. Buyers must also learn whether the association uses a reserve study. Other disclosures cover insurance, unpaid court judgments, and pending lawsuits against the association, except routine assessment collections. They also cover unresolved alleged home or unit violations, rental limits, amenities, and association or manager contact information. Associations must supply requested documents within 10 days of a seller's or authorized representative's request. They may charge a reasonable fee, disclosed before final acceptance of the purchase agreement. Associations must report unavailable documents, but cannot use that exception for required charges, assessments, fund balances, or budget and financial records. Buyers owe no unpaid assessment or fee above the disclosed amount. If documents are delayed, buyers can cancel until documents arrive and for five days afterward, or until ownership transfers, whichever comes first. Sellers are not liable to buyers for association delays or failures to provide documents. The law also provides liability protections for complying sellers and their agents concerning disclosed information. Sellers who learn of a material change must provide a written update before closing or possession, whichever comes first.

Sponsors & Cosponsors

Sponsor

  • Josh Boschee

    Democratic • Senate

Cosponsors

  • Mitch Ostlie

    Republican • House

  • Steve Vetter

    Republican • House

  • Claire Cory

    Republican • Senate

  • Diane Larson

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 131 • No: 6

House vote • 3/12/2025

Second reading, passed, yeas 87 nays 4

Yes: 87 • No: 4

Senate vote • 2/3/2025

Second reading, passed, yeas 44 nays 2

Yes: 44 • No: 2

Actions Timeline

  1. Filed with Secretary Of State 03/18

    3/20/2025House
  2. Signed by Governor 03/18

    3/18/2025Senate
  3. Sent to Governor

    3/17/2025Senate
  4. Signed by President

    3/17/2025Senate
  5. Signed by Speaker

    3/17/2025House
  6. Returned to Senate

    3/13/2025Senate
  7. Second reading, passed, yeas 87 nays 4

    3/12/2025House
  8. Reported back, do pass, place on calendar 14 0 0

    3/11/2025House
  9. Committee Hearing 03:00

    3/10/2025House
  10. Introduced, first reading, referred Industry, Business and Labor Committee

    2/18/2025House
  11. Received from Senate

    2/4/2025House
  12. Second reading, passed, yeas 44 nays 2

    2/3/2025Senate
  13. Reported back, do pass, place on calendar 5 0 0

    1/31/2025Senate
  14. Committee Hearing 09:30

    1/29/2025Senate
  15. Introduced, first reading, referred Industry and Business Committee

    1/17/2025Senate

Bill Text

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