Amending HOA Bylaws in South Dakota

Question:

If the Board wants to change or add new by-laws, do they need to get all the owners mortgage companies to agree?

– Jane

 

Answer:

Hi Jane,

Generally, no, the HOA board does not need to get the approval of mortgage companies. Amendments to the bylaws typically only need the vote of the HOA board, but it depends on your governing documents. Check your CC&Rs and bylaws for more guidance.

 

Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.

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