States
Minnesota special assessments: what your board must do.
Late fees and interest are capped by statute, and foreclosure waits three months.
Does the board need an owner vote?
Minnesota's common interest act sets no owner vote for a special assessment; your declaration decides. For communities created on or after 1 August 2010, the board can levy one only if the declaration allows it, and only for an emergency, to refill underfunded reserves, for unbudgeted capital or operating costs, or to replace parts the owners agreed not to fund through reserves. That agreement needs the board plus owners holding 51% of the votes (not counting the declarant).
Minn. Stat. 515B.3-1151(c); 515B.3-1141(a)(5)What notice must owners get?
Board meetings must be open to owners (except closed sessions), with reasonable notice of the date, time and place, and the agenda and any contracts the board will vote on must be made available to owners. A copy of the proposed budget must be made available before the meeting where it is discussed and approved. If the association assesses you for damage you are said to have caused, it must send a dated written notice naming the damage and the act, and describing your right to be heard by the board.
Minn. Stat. 515B.3-103(g); 515B.3-115(c) or 515B.3-1151(c); 515B.3-102(c)Your right to see the records
You can examine the association's records, including meeting records, contracts, material correspondence and financial records (but not records behind a closed board meeting), and ask for paper or electronic copies. The association may charge the actual cost of copying and finding the records, or no more than 25 cents a page for 100 or fewer black-and-white pages. This act covers condos and HOAs created on or after 1 June 1994; older condos are covered only in part, and some older or single-family-lot communities not at all.
Minn. Stat. 515B.3-118Payment plans, late fees and liens
Interest on unpaid assessments is capped at 8%, and a late fee at the greater of $20 or 5% of the amount owed. The association cannot start foreclosure until assessments are more than three months delinquent, and it must consider offering a reasonable payment plan, though the statute does not make it give you one. For communities created on or after 1 June 1994, its collection policy must also require three notices, one by certified mail, before your account goes to a law firm or collector.
Minn. Stat. 515B.3-102(a)(17)-(18), (h); 515B.3-116(h); 515B.3-115(k) or 515B.3-1151(k)In Minnesota, the same rules cover condos and HOAs.
Summarised from the statutes in November 2026. Not legal advice; your declaration and bylaws may add more rules.