No New Washington Disclosure Laws for HOAs and COAs
Within the past two weeks, I have been asked by three separate persons whether the Washington state legislature passed new laws this year related to homeowner and condominium association disclosure requirements tied to home sales. The short answer is, "No." Although there were several engrossed bills in the state house and senate involving homeowner associations that included added disclosure requirements, none of these bills went to a full vote by the legislature.
The current law in Washington is as follows:
- Association meeting minutes are not required to be included in a condominium resale certificate (The 18 separate statements or disclosures required to be included in a condominium Resale Certificate may be found at RCW 64.34.425.)
- Homeowner associations, other than condominiums, have no disclosure requirements related to sales of homes; however, individual sellers still need to complete a Seller Disclosure Statement, otherwise known as NWMLS Form 17.
Although there is a movement to incorporate a resale certificate-type of disclosure requirement upon all homeowner associations in Washington, no such laws have been enacted to date.