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MCIOA — Minn. Stat. § 515B

Minnesota HOA & Condo Calculators

Minnesota common-interest community calculators under the Minnesota Common Interest Ownership Act (MCIOA, Minn. Stat. § 515B): 6-month super-priority lien covering assessments only (attorney fees NOT in the priority slice — contrast New Jersey), and the only state in this platform that permits non-judicial (power-of-sale) foreclosure of HOA/condo assessment liens under § 515B.3-116(b) / Minn. Stat. § 580.

Anchored to: Minn. Stat. § 515B (MCIOA); Minn. Stat. § 515A (pre-1994 Condo Act); Minn. Stat. § 580 (power-of-sale foreclosure)

4 calculators live. Reviewed against current statute and regulation. Last updated 2026-05-19.

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Minn. Stat. § 515B.3-116 (MCIOA assessment lien: six-month super-priority for periodic common expense assessments

Minnesota MCIOA Super-Priority Lien Calculator — Minn. Stat. § 515B.3-116

Compute the Minnesota MCIOA super-priority lien amount under Minn. Stat. § 515B.3-116: the lesser of six months of periodic common expense assessments or the actual delinquency. Flags two major Minnesota distinctions — (1) attorney fees are NOT in the MN super-priority (contrast NJ), and (2) non-judicial power-of-sale foreclosure is available under Minn. Stat. § 515B.3-116(b) and § 580 (a rare and significant advantage over most states that require judicial foreclosure).

Minn. Stat. § 515B.3-107 (MCIOA fine authority: must be authorized in declaration or bylaws

Minnesota HOA Fines Calculator — Minn. Stat. § 515B.3-107 (MCIOA)

Compute the lawful fine under Minn. Stat. § 515B.3-107 (MCIOA). Minnesota sets NO statutory per-day or aggregate fine cap — the governing documents (declaration or bylaws) control maximum amounts. Fine authority must be expressly authorized in the governing documents; written notice and a hearing opportunity are required before any fine is imposed. Lawfully imposed fines are collectible as assessments and lien-eligible under Minn. Stat. § 515B.3-116.

Minn. Stat. § 515B.3-103(a)(5) (MCIOA: board must maintain a reserve fund for repair

Minnesota HOA Reserve Fund Calculator — Minn. Stat. § 515B.3-103(a)(5)

Compute the Minnesota MCIOA reserve fund funding ratio, deficit, and recommended annual contribution under Minn. Stat. § 515B.3-103(a)(5). Minnesota requires the board to maintain a reserve fund and disclose reserve status at each annual meeting — but sets NO mandatory minimum funding percentage (contrast Florida's post-SB 4-D mandatory reserve funding for condominiums). Returns the funding ratio, deficit, straight-line recommended contribution, and projected 5/10-year balances.

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For boards & directors

Decision-grade tools for the items that hit the agenda — assessments, reserves, fines, votes.

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Operational tools for the day-to-day: estoppel preparation, statutory cap verification, hearing procedure.

For unit owners

Verify a notice, check a fine, or understand the lien exposure on a delinquent account before acting.

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Statutory citation-level analysis suitable for client memoranda and procedural verification.

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