SB 615 — Maryland

Common Ownership Communities - Reserve Accounts and Reserve Studies - Alterations

Requiring the governing bodies of certain cooperative housing corporations, condominiums, or homeowners associations to adopt an annual budget that includes certain calculations for the cost to repair or replace capital components that are the responsibility of the common ownership community; providing that a certain portion of the members of a common ownership community may determine the community and its members are facing a financial hardship or that a determination of financial hardship may be extended; etc.

Latest action: Withdrawn by Sponsor · Mar 2, 2026

Synopsis written by the legislature's own staff, as published on the official bill page. Status label is derived from the recorded actions. The full text below is the record.

Committees: Judicial Proceedings (Senate)

Updated Mar 17, 2026