2017 - 2018 LEGISLATURE
SENATE AMENDMENT 1,
TO ASSEMBLY BILL 518
January 19, 2018 - Offered by Senator LeMahieu.
703.205 of the statutes is created to read:
6703.205 Establishing fee amounts charged by association. (1) 7Limitations on charging certain fees.
An association may charge, or increase the 8
amount of, the following fees only if the association follows the procedures under sub. 9
(a) A fee for furnishing the disclosure information under s. 703.33 (1), (1m), and 11
(2) that is greater than the amount allowed under s. 703.20 (2) (a).
(b) A fee for providing the first payoff statement within a 2-month period as 13
allowed under s. 703.335 (4) (b).
1(2) Procedure for establishing fee amounts.
An association may establish, 2
or increase the amount of, a fee described under sub. (1) (a) or (b) by doing all of the 3
(a) Providing written notice to unit owners as provided under s. 703.15 (4) (c) 5
at least 48 hours before any meeting at which the association will consider any of the 6
1. Establishing the fee or increasing the amount of the fee.
2. Entering into or modifying a management contract that does any of the 9
a. If the association does not currently charge the fee, allows the manager to 11
begin charging the fee.
b. If the association does currently charge the fee, allows the manager to 13
increase the amount of the fee.
(b) Adopting a written resolution, at a meeting described under par. (a), to take 15
any of the actions described under par. (a) 1. or 2.
(c) No later than 48 hours after adopting a resolution described under par. (b), 17
providing written notice to unit owners describing the type of fee established or 18
increased and the amount of the fee established or the amount by which the fee was 19
20(3) Failure to provide notice.
An association's failure to provide a notice 21
required under sub. (2) (a) or (c) does not affect the right of the association, directly 22
or under a management contract, to charge a fee established or increased under sub. 23
703.33 (1) (h) 15. of the statutes is created to read:
(h) 15. `Disclosure material fee.' Whether the association charges 3
a fee for providing the disclosure materials described in this section and, if a fee is 4
charged, the amount of the fee.
703.33 (1) (h) 16. of the statutes is created to read:
(h) 16. `Payoff statement fee.' Whether the association charges a fee 7
for providing a payoff statement under s. 703.335 and, if a fee is charged, the amount 8
of the fee.”.
(a) Except as provided under par. (b), an association shall provide 11
one payoff statement requested under sub. (2) with respect to a unit without charge 12
during any 2-month period. The association may charge a fee not to exceed $25 for 13
each additional payoff statement requested for the unit during that 2-month period.
(b) An association may charge a fee for providing the first payoff statement 15
within a 2-month period described under par. (a) if the association establishes the 16
fee as provided under s. 703.205. If the association establishes a fee under this 17
paragraph, the association may increase the amount of the fee only as provided 18
under s. 703.205.”.