HB1523 (2026) Detail

Relative to disclosure requirements for condominium associations.


HB 1523-FN - AS AMENDED BY THE HOUSE

 

19Feb2026... 0380h

2026 SESSION

26-2666

04/09

 

HOUSE BILL 1523-FN

 

AN ACT relative to disclosure requirements for condominium associations.

 

SPONSORS: Rep. Alexander Jr., Hills. 29; Rep. Hunt, Ches. 14; Sen. Reardon, Dist 15

 

COMMITTEE: Housing

 

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ANALYSIS

 

This bill establishes disclosure requirements for homeowners' associations.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19Feb2026... 0380h 26-2666

04/09

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty-Six

 

AN ACT relative to disclosure requirements for condominium associations.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  New Paragraphs; Homeowners' Associations; Transparency.  Amend RSA 292:8-m by inserting after paragraph II the following new paragraphs:  

III.(a)  Homeowners' associations established under this chapter shall retain the following:  

(1)  Detailed records of receipts and expenditures affecting the operation and administration of the association and other appropriate accounting records;

(2)  Minutes of all meetings of its shareholders or members and board of directors other than executive sessions, a record of all actions taken by the shareholders or members or board of directors without a meeting, and a record of all actions taken by a committee in place of the board of directors on behalf of the association;

(3)  The names of shareholders or members in a form that permits preparation of a list of the names of all shareholders or members and the addresses at which the association communicates with them, in alphabetical order showing the number of votes each shareholder or member is entitled to cast;

(4)  Its original and any restated or amended organizational documents required under this chapter, original and any amended land plats or maps, and all rules currently in effect;

(5)  All financial statements and tax returns of the association for the past 3 years;

(6)  A list of the names and addresses of its current board of directors members and officers;

(7)  Its most recent annual report delivered to the secretary of state, if any;

(8)  Financial and other records sufficiently detailed to enable the association to comply with other requirements of law;

(9)  Copies of current contracts to which it is a party;

(10)  Records of board of directors or committee actions to approve or deny any requests for design or architectural approval from shareholders or members; and

(11)  Ballots, proxies, and other records related to voting by shareholders or members for one year after the election, action, or vote to which they relate.  

(b)  Subject to subparagraphs (c) and (d), all records retained by the homeowners' associations established under this chapter shall be available for examination and copying by a shareholder or member or the shareholder's authorized agent or the member's authorized agent:  

(1)  During reasonable business hours or at a mutually convenient time and location; and

(2)  Upon 5 days' notice in a record reasonably identifying the specific records of the association requested.  

(c)  Records retained by an association may be withheld from inspection and copying to the extent that they concern:  

(1)  Personnel, salary, and medical records relating to specific individuals;

(2)  Contracts, leases, and other commercial transactions to purchase or provide goods or services currently being negotiated;

(3)  Existing or potential litigation or mediation, arbitration, or administrative proceedings;

(4)  Existing or potential matters involving federal, state, or local administrative or other formal proceedings before a government tribunal for enforcement of the declaration, bylaws, or rules;

(5)  Communications with the association's attorney that are protected by the attorney-client privilege or the attorney work-product doctrine;

(6)  Information the disclosure of which would violate federal or state law;

(7)  Records of an executive session of the board of directors; or

(8)  Individual shareholder or member account records other than those of the requesting owner.

(d)  A homeowners' association may charge a reasonable fee for providing copies of any records under this section; provided, that such fee may not exceed the charge for copying a governmental record as provided for in RSA 91-A:4, IV(d).  

(e)  A right to copy records under this paragraph includes the right to receive copies by photocopying or other means, including copies through electronic transmission, if available, upon request by the shareholder or member.

(f)  A homeowners' association shall not be required to compile or synthesize information.

(g)  Information provided pursuant to this paragraph shall not be used for commercial purposes.

IV.  The board of directors and association committees of homeowners' associations established under this chapter may hold an executive session only during a regular or special meeting of the board or committee.  No final vote or action shall be taken during an executive session.  An executive session may be held only for the following purposes:  

(a)  To consult with the association's attorney.

(b)  To discuss existing or potential litigation or mediation, arbitration, or administrative proceedings.

(c)  To discuss labor or personnel matters.

(d)  To discuss contracts, leases, and other commercial transactions to purchase or provide goods or services currently being negotiated, including the review of bids or proposals, if the board of directors or committee determines that premature general knowledge of those matters would place the association at a disadvantage or that public knowledge would violate the privacy of any person.

V.  If an owner or board of directors member, or an immediate family member of an owner or board of directors member, has a pecuniary interest in a company seeking to contract with the homeowners' association, the homeowners' association shall not enter into the contract unless:

(a)  The pecuniary interest is disclosed in writing and prominently to all members before or at the same time as the notice of the meeting held in accordance with the homeowners' association bylaws;

(b)  The contract is approved by a majority of the votes cast by the membership at the meeting with a quorum present; and

(c)  The interested person recuses from voting.  

2  Effective Date.  This act shall take effect January 1, 2027.  

 

LBA

26-2666

02/24/2026

 

HB 1523-FN- FISCAL NOTE

AS AMENDED BY THE HOUSE (AMENDMENT # 2026-0380h)

 

AN ACT relative to disclosure requirements for condominium associations.

 

FISCAL IMPACT:

 The Office of Legislative Budget Assistant states this bill has no fiscal impact on state, county  
 and local expenditures or revenue.

 

AGENCIES CONTACTED:

None

 

Amendments

Date Amendment
Feb. 9, 2026 2026-0380h

Links


Date Body Type
Jan. 20, 2026 House Hearing
Feb. 3, 2026 House Exec Session
Feb. 3, 2026 House Floor Vote

Bill Text Revisions

HB1523 Revision: 50714 Date: Feb. 25, 2026, 12:06 p.m.
HB1523 Revision: 50593 Date: Feb. 9, 2026, 2:14 p.m.
HB1523 Revision: 49974 Date: Dec. 10, 2025, 9:10 a.m.

Docket


Feb. 25, 2026: Introduced 02/19/2026 and Referred to Commerce; SJ 5


Feb. 19, 2026: Referral Waived by Committee Chair per House Rule 47(f) 02/19/2026 HJ 5


Feb. 19, 2026: Referred to Finance 02/19/2026 HJ 5


Feb. 19, 2026: Ought to Pass with Amendment 2026-0380h: MA VV 02/19/2026 HJ 5


Feb. 19, 2026: Amendment # 2026-0380h: AA VV 02/19/2026 HJ 5


Feb. 9, 2026: Committee Report: Ought to Pass with Amendment # 2026-0380h 02/03/2026 (Vote 18-0; CC) HC 7 P. 15


Jan. 28, 2026: Executive Session: 02/03/2026 10:00 am GP 231


Jan. 8, 2026: Public Hearing: 01/20/2026 10:30 am GP 231


Dec. 10, 2025: Introduced 01/07/2026 and referred to Housing