(Originally published in the May 2014 Housing Journal)
Deadline Approaches for Recording or Filing for HOA Boards
During the 2013 Legislative Session a bill passed that created the “Homeowner Association Act”. The Act requires all Homeowner Associations (HOAs) to record their declaration documents by June 30, 2014 in the office of the county clerk where the HOA is situated.
Failure to record these documents means the HOA loses their authority to charge assessments, levy fines, or enforce a lien for nonpayment until the HOA documents are recorded.
Call Melanie Lawton at the NMHBA office if you want a copy of the law (47-7E-4 NMSA).