AB 690 - Management Conflicts of Interest

Bill Author: 
Quirk-Silva
Subject: 
Management Conflicts of Interest
Status: 
Passed Legislature. To Governor.

Requires a common interest development manager or a common interest development management firm to disclose specified information before entering into a management agreement. Requires a disclosure on whether the manager receives a certain referral fee for distributing required documents. Requires a specified annual budget report to contain specified information relating to charges for requesting copies of certain documents. Requires a manager or firm to facilitate the delivery of requested documents.