Maryland House Bill 107

Maryland General Assembly
  • An act concerning Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Reserve Studies - Statewide
CitationHouse Bill 107
Enacted byMaryland House of Delegates
Enacted byMaryland State Senate
CommencedOctober 1, 2022 (2022-10-01)
Legislative history
First chamber: Maryland House of Delegates
Introduced byMarvin E. Holmes Jr.
PassedMarch 29, 2022 (2022-03-29)
Voting summary
  • 44 Maryland Senators voted for
  • 0 Maryland Senators voted against
Second chamber: Maryland State Senate
PassedApril 4, 2022 (2022-04-04)
Voting summary
  • 90 Maryland Delegates voted for
  • 37 Maryland Delegates voted against
Status: In force

Maryland House Bill 107, also known as HB107, is a Maryland state law passed in 2022 that mandates that condominiums, housing associations, cooperatives, and homeowner associations complete a reserve study by October 1, 2023.[1] The law, passed in response to the Surfside condominium collapse, is most notable for expanding the existing law on reserve studies, which only applied to Montgomery County and Prince George's County, to the entire state, requiring community associations three fiscal years to "attain the annual reserve funding level" recommended by the study and giving the board of directors of each association the power to "increase assessments" to fund such a study, overriding any bylaws or other governing documents capping assessment increases.[2] It became law without the signature of Governor Larry Hogan.[3]

  1. ^ Hine, Hunter (October 26, 2023) [October 19, 2023]. "Ocean City condo owners face huge bills after Maryland law mandates reserve funds". OC Today. Archived from the original on October 28, 2023. Retrieved November 16, 2023.
  2. ^ Baldino, Katherine N. (May 20, 2022). "2022 Maryland Community Association Legislative Update". LerchEarlyBrewer. Archived from the original on February 7, 2023. Retrieved November 23, 2023.
  3. ^ Larry, Hogan (May 22, 2022). "Bills That Don't Need Gubernatorial Signature" (PDF). Letter to Adrienne A. Jones. Archived from the original (PDF) on June 4, 2022. Retrieved November 23, 2023.