By Deborah Goonan, Independent American Communities
In 2011, Indiana enacted a law that gave the Attorney General jurisdiction to investigate allegations of misappropriation of funds and wrongdoing by homeowners’ and condo association board members.
The AG claims that a lawsuit filed by condo owners – also in 2011 – prompted enactment of the statute providing limited authority of Attorney General to investigate complaints involving fraudulent acts or misappropriation of funds in HOAs.
According to reports, in 2015, the law was further expanded to provide greater access to financial documents.
The 2011 lawsuit recently ended with a modest settlement that required Harbours Condominium board members to give up their seats for two years, pay fines, and relinquish parking spaces.
Harbours Condominium lawsuit finds no wrongdoing
AG touts legislative results of case
ATTORNEY GENERAL USES POWER TO UPHOLD TRANSPARENCY OF HOMEOWNERS’ ASSOCIATIONS