HB 2495

ON MARCH 19, 2026, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 2273, AS AMENDED. AMENDMENT #1 r ewrites this bill to add an exception to the definition of "transfer fee covenant"". Present law provides that a transfer fee covenant recorded after June 10, 2011, or any lien to the extent that it purports to secure the payment of a transfer fee, is not binding on or enforceable against the affected real property or any subsequent owne r, purchaser, or mortgagee of any interest in the property. This amendment provides that a provision of a document requiring a transferor or transferee to pay a fee, charge, assessment, dues, contribution, deposit, or other amount to purchase, issue, reissue, maintain, or transfer a club membership that is related to the real property or the co mmunity in which the property is sited is not a transfer fee covenant ."