New state law requires condo associations to report money set aside for long-term maintenance (Seattle Times)
Now this is the kind of housing market changes I’m glad to see passed during a housing crisis. Well done; let the fraudulent reporting begin!
(Best part of the article? Instructions for reading the bill on wa.gov: ‘Read the bill: The requirement that condominium associations conduct reserve studies passed the Legislature as Senate Bill 6215. To see it, go to www.leg.wa.gov/legislatureand click on “Bill Search” and type “6215” in the Search window; click on it, then scroll down and click on “Bill as Passed Legislature.”’)
