AB 2430. Transfer Disclosures & Escrow Documents.

Costs for producing transfer disclosure documents must be separately stated and billed from other charges. Seller is responsible for the HOA fees and costs in producing the requested documents.

Current Status: Chaptered

FindHOALaw Quick Summary:

Civil Code Section 4530 requires an association, upon written request, to provide an owner, or his authorized recipient, with a copy of specific documents relating to transfer disclosures which a seller is required to make to a prospective purchaser of the seller’s property. AB 2430 (Maienschein) would require that the costs for providing the documents be separately stated and billed from other charges that are part of the transfer, and that the seller is responsible for paying the those costs. The bill would also require the seller to provide the prospective purchaser certain documents that the seller possesses free of charge.

*UPDATE: AB 2430 was approved on July 23, 2014 and its changes to the law become effective on January 1, 2015.

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View more info on AB 2430
from the California Legislature's website