Maryland passed House Bill 107, which requires homeowner associations and condominium associations to conduct reserve studies on a regular basis. This law is designed to ensure that associations are financially prepared for major repairs and replacements. If your Maryland association has not yet completed a reserve study, you may not be in compliance.
Reserve Metrics specializes in helping Maryland associations meet their legal obligations quickly and affordably. Contact us today for a free proposal and to learn exactly what your association needs to do.