We often have Real Estate Agents and Lenders asking for Home Owner’s Association(HOA) information. Sometimes it is very time sensitive, other times it is less urgent. There are sometimes transfer fees or other fees associated with buying or selling real property that is governed by an HOA. While we are able to assist you with HOA information, a new state law will make getting HOA information easier for you and your clients.
The law now requires all Home Owner’s Associations to register with the Utah Department of Commerce and submit basic information including the main HOA contact person. HOAs will not be able to charge arbitrary transfer fees or other fees unless they are listed in the Covenants, Conditions and Restrictions (CC&Rs). Nobody likes surprises at closing and this law will help you prepare your clients for any fees by being able to know well in advance. It also helps Inwest Title to get this information for settlement statements with more speed and consistency.
There is now a publicly accessible registry for HOAs so that you or your clients can access the information you need during your due diligence period. You may want to pull it up and contact an HOA representative to determine what services the HOA fee covers (insurance, garbage, water, sewer, cable etc.). This will help you to provide your clients with the most accurate information. You may choose to direct your clients to the registry to let them be the ones to find out the information that is of concern to them. You can determine which way it will best serve your business needs. This resource will help buyers, sellers, realtors, lenders and title companies. It is a good thing for all of us.
Inwest Title is committed to providing the best service possible and we will continue to assist you with any HOA information you need for your transaction. However, we also want to make you aware of all resources and the newest information that can help you and your clients. These new resources can save time and may help to eliminate unexpected fees or problems at closing.
You can access this registry at
You can read the full bill at
If you have any questions about these new resources and how they can affect your clients, or if you just need any information to assist with your transaction, please do not hesitate to contact us. For this and other information on Utah Title Companies, Utah Title & Escrow, or Title Insurance please contact your nearest Inwest Title office. To find the office nearest you, go to www.inwesttitle.com