Summary of the bill.
The bill proposes a license and public registry to regulate condominium property administration in Panama. It creates a Technical Board of Condominium Property Administrators (Junta Técnica de Administradores de Propiedad Horizontal) attached to the Ministry of Housing and Land Use Planning (Ministerio de Vivienda y Ordenamiento Territorial), and sets requirements for practice, renewal and training rules, administrators’ obligations, and a system of sanctions. It also provides transition periods and a temporary examination exemption for those who demonstrate experience.