New State Law Adds Annual Reporting Requirement for HOA’s - Ward and Smith, P.A.
New state law requires all HOAs to file an annual report with the state, increasing administrative burden and risk of penalties for non-compliance.
Aforeworn detected this change in the HOA & Condo Board Rules space on July 24, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated High urgency. All HOAs and condo associations in the state, including self-managed boards and management companies. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Typically within 90 days of the end of the fiscal year; check specific state law for exact date.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors HOA & Condo Board Rules continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
A new annual reporting requirement has been enacted, mandating submission of financial and operational data to a state agency.
Who it affects
All HOAs and condo associations in the state, including self-managed boards and management companies.
What you must do
Prepare and submit the annual report by the specified deadline, ensuring accurate financial statements and governance disclosures.
Deadline
Typically within 90 days of the end of the fiscal year; check specific state law for exact date.
Never miss a change like this again
Aforeworn watches HOA & Condo Board Rules around the clock and alerts you the moment a rule moves — with a plain-English brief on what to do.
Start your free trialRelated changes in HOA & Condo Board Rules
- Wash. Law Bars Discriminatory HOA Enforcement, Panel Says - Law360
- Colt's Neck Homeowners Assn. v. Franklin Cty. Bd. of Commrs.
- Human Rights Commission, App,. v. Summerwalk Homeowners' Assc., Resps
- Property+owners+lack+standing+to+challenge+HOA+special+assessment - North Carolina Lawyers Weekly
- Open for Business at Home: What North Carolina’s New Home-Based Business Law Means for Local Governments, HOAs, and Property Owners - Ward and Smith, P.A.