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Bills from the 2017–18 session

Assembly Bill 518

Condominium disclosure materials and payoff statements

Became law

The governor signed it on Apr 17, 2018. It's ⁠.

  1. Introduced, passed

    Sep 29, 2017

  2. Committee, passed

    Approved

  3. Assembly vote, passed

    Passed Nov 7, 2017

  4. Senate vote, passed

    Passed Jan 23, 2018

  5. Governor, passed

    Signed

  6. Law, here now

    2017 Wisconsin Act 303

Latest entry in the official record, Apr 17, 2018: “Published 4-17-2018”

Read the bill

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What it does

Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.

This bill limits the amount a condominium association may charge for providing a payoff statement or required disclosure materials, requires the disclosure of certain information in connection with a transfer of a condominium unit, and creates a procedure for a unit owner to acquire a payoff statement from an association for unpaid assessments and other amounts owed with respect to a unit.

Under current law, a seller of a unit must furnish certain documents and information (disclosure materials) to the purchaser. The disclosure materials include an executive summary that provides certain information about the condominium. The bill requires that, in addition to the information required under current law, the executive summary also must include all of the following information:

Read the full summary

1. If the association maintains reserves for repairs and replacement of common elements, the amount of those reserves.

2. Whether the association has a right of first refusal to purchase the unit.

3. Whether the association charges a fee in connection with a transfer of ownership of the unit and, if a fee is charged, the amount of the fee.

Under current law, an association must furnish the seller with the information necessary for the seller to provide the disclosure materials, and the seller must pay the association the actual costs of furnishing that information. Under the bill, the association may not charge more than $30 for providing the initial information and $15 for providing any updates to that information.

The bill also provides that, within ten business days after a unit owner submits a written request, the association must provide a payoff statement of all unpaid assessments and other amounts owed by the unit owner with respect to a unit. The association must provide one payoff statement without charge during any two-month period and may charge a fee of $25 for each additional payoff statement requested with respect to the unit during that two-month period. If an association fails to timely provide a payoff statement, the association is liable to the requester for any actual damages caused by the failure plus $500. If the association fails to pay those damages within 30 days after demand for payment, the association also may be liable for reasonable attorney fees and costs.

Who's behind it

7 lawmakers are its ⁠. 6 are Republicans and 1 is a Democrat.

3 more lawmakers ⁠.

See all 10 names

Authors (7)

Signed on in support (3)

Versions and amendments

Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.

How lawmakers voted

There were 3 votes on this bill.

Assembly Committee on Housing and Real Estate vote on an amendment

Passed, 8 to 0 · Nov 1, 2017

No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.

Official motion: “Report Assembly Amendment 1 adoption recommended by Committee on Housing and Real Estate, Ayes 8, Noes 0”. Official record · This vote on its own page

Assembly Committee on Housing and Real Estate vote to recommend it

Passed, 8 to 0 · Nov 1, 2017

No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.

Official motion: “Report passage as amended recommended by Committee on Housing and Real Estate, Ayes 8, Noes 0”. Official record · This vote on its own page

Senate vote

Passed, 5 to 0 · Jan 19, 2018

No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.

Official motion: “Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 5, Noes 0”. Official record · This vote on its own page

What happened

  1. Apr 17, 2018

    The new law was published.

  2. Apr 17, 2018

    The governor signed it. It became 2017 Wisconsin Act 303.

  3. Apr 12, 2018

    Sent to the governor.

  4. Feb 13, 2018

    “Action ordered immediately messaged” (the official wording)

  5. Jan 23, 2018

    The Assembly adopted it.

  6. Jan 23, 2018

    The Senate passed it too.

  7. Jan 23, 2018

    The Senate adopted it.

  8. Jan 19, 2018

    “Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 5, Noes 0” (the official wording)

  9. Nov 9, 2017

    Sent to the Senate Committee on Senate Organization.

  10. Nov 8, 2017

    The Senate received it.

  11. Nov 7, 2017

    The Assembly passed it.

  12. Nov 7, 2017

    The Assembly adopted it.

  13. Nov 1, 2017

    Sent to the Assembly Committee on Rules.

  14. Nov 1, 2017

    The committee voted to recommend passing it, 8 to 0.

  15. Oct 17, 2017

    The committee held a public hearing.

  16. Sep 29, 2017

    Sent to the Assembly Committee on Housing and Real Estate.

  17. Sep 29, 2017

    Introduced in the Assembly.

See the official record, word for word
  1. Sep 29, 2017 · Assembly

    Introduced by Representatives Tusler, Allen, Felzkowski, Horlacher, R. Brooks, Subeck and Tittl; cosponsored by Senators LeMahieu, Marklein and Nass

  2. Sep 29, 2017 · Assembly

    Read first time and referred to Committee on Housing and Real Estate

  3. Oct 17, 2017 · Assembly

    Public hearing held

  4. Oct 24, 2017 · Assembly

    Assembly Amendment 1 offered by Representative Tusler

  5. Oct 25, 2017 · Assembly

    Assembly Amendment 2 offered by Representative Stuck

  6. Oct 26, 2017 · Assembly

    Executive action taken

  7. Nov 1, 2017 · Assembly

    Report Assembly Amendment 1 adoption recommended by Committee on Housing and Real Estate, Ayes 8, Noes 0

  8. Nov 1, 2017 · Assembly

    Report passage as amended recommended by Committee on Housing and Real Estate, Ayes 8, Noes 0

  9. Nov 1, 2017 · Assembly

    Referred to committee on Rules

  10. Nov 2, 2017 · Assembly

    Placed on calendar 11-7-2017 by Committee on Rules

  11. Nov 7, 2017 · Assembly

    Read a second time

  12. Nov 7, 2017 · Assembly

    Assembly Amendment 1 adopted

  13. Nov 7, 2017 · Assembly

    Assembly Amendment 3 offered by Representatives Barca and Zamarripa

  14. Nov 7, 2017 · Assembly

    Assembly Amendment 3 withdrawn and returned to author

  15. Nov 7, 2017 · Assembly

    Ordered to a third reading

  16. Nov 7, 2017 · Assembly

    Rules suspended

  17. Nov 7, 2017 · Assembly

    Read a third time and passed

  18. Nov 7, 2017 · Assembly

    Ordered immediately messaged

  19. Nov 8, 2017 · Senate

    Received from Assembly

  20. Nov 9, 2017 · Senate

    Read first time and referred to committee on Senate Organization

  21. Nov 9, 2017 · Senate

    Available for scheduling

  22. Jan 19, 2018 · Senate

    Senate Amendment 1 offered by Senator LeMahieu

  23. Jan 19, 2018 · Senate

    Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 5, Noes 0

  24. Jan 19, 2018 · Senate

    Placed on calendar 1-23-2018 pursuant to Senate Rule 18(1)

  25. Jan 23, 2018 · Senate

    Read a second time

  26. Jan 23, 2018 · Senate

    Senate Amendment 1 adopted

  27. Jan 23, 2018 · Senate

    Ordered to a third reading

  28. Jan 23, 2018 · Senate

    Rules suspended

  29. Jan 23, 2018 · Senate

    Read a third time and concurred in as amended

  30. Jan 23, 2018 · Senate

    Ordered immediately messaged

  31. Jan 23, 2018 · Assembly

    Received from Senate amended and concurred in as amended (Senate amendment 1 adopted)

  32. Feb 13, 2018 · Assembly

    Senate Amendment 1 concurred in

  33. Feb 13, 2018 · Assembly

    Action ordered immediately messaged

  34. Feb 21, 2018 · Assembly

    Report correctly enrolled on 2-21-2018

  35. Apr 12, 2018 · Assembly

    Presented to the Governor on 4-12-2018

  36. Apr 17, 2018 · Assembly

    Report approved by the Governor on 4-16-2018. 2017 Wisconsin Act 303

  37. Apr 17, 2018 · Assembly

    Published 4-17-2018

Terms on this page

Wisconsin Act

The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.

Official term: Act. More in the glossary

Legislative Reference Bureau

The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.

Official term: LRB analysis. More in the glossary

Author

A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.

Official term: Author, coauthor. More in the glossary

Signed on in support

Lawmakers who back a bill without being one of its authors, often from the other chamber.

Official term: Cosponsor. More in the glossary

Roll call

A vote where each lawmaker's yes or no is recorded by name.

Official term: Roll call vote. More in the glossary

From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source

Wisconsin Act

The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.

Official term: Act

More in the glossary

Legislative Reference Bureau

The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.

Official term: LRB analysis

More in the glossary

Author

A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.

Official term: Author, coauthor

More in the glossary

Signed on in support

Lawmakers who back a bill without being one of its authors, often from the other chamber.

Official term: Cosponsor

More in the glossary

Roll call

A vote where each lawmaker's yes or no is recorded by name.

Official term: Roll call vote

More in the glossary