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HSB 748

A bill for an act relating to residential real estate, including access to records of unit owners associations and the disclosure of home inspection information.

2025-2026 Regular Session

Iowa bill mandates unit owners associations disclose their records and requires home inspection information be shared with prospective residential buyers to increase real estate transaction transparency.

Subcommittee Meeting: 03/11/2026 12:30PM RM 102 (Cancelled).
#disclosure #realproperty #recordsandpublications #residence #residentialproperty #unitownersassociations
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Bill Summary · HSB 748

Legislative bill overview

HSB 748 modifies Iowa's residential real estate laws to require greater transparency from unit owners associations (typically condominium or homeowners associations) by mandating access to their records and establishing new requirements for disclosing home inspection information to prospective buyers. The bill appears designed to balance property owner privacy with buyer protection and association accountability.

Why is this important

Home buyers make one of the largest financial decisions of their lives, and transparent information about property condition and association finances directly affects their ability to make informed choices. Unit owners associations control common areas and set fees that significantly impact property values and ownership costs, making their financial records crucial for buyers to evaluate true long-term costs and governance quality.

Potential points of contention

  • Privacy vs. transparency trade-off: Association members may resist broad record access, citing privacy concerns about personal financial information, special assessments, or enforcement actions that could be exposed to outsiders.
  • Implementation burden and costs: Associations may argue that compiling and providing extensive records creates administrative costs passed to all members, potentially disproportionately affecting smaller associations.
  • Scope ambiguity: The bill's exact definitions of "records" and "home inspection information" remain unclear—unclear whether inspection reports trigger mandatory disclosure and which inspection types apply (professional inspections only, or all evaluations?).

Compiled from official sources — confirm details with the bill’s official record.

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