A new law took effect in California on July 1, placing a $100 cap on fines issued by homeowner associations (HOAs) for most types of rule violations. The bill, introduced earlier this year, aims to limit what some have seen as excessive penalties levied against homeowners living in HOA-managed communities.Supporters of the legislation argue that it brings much-needed protections for residents who may be struggling financially or feel powerless against overreaching HOAs.“I think it would be good to not hit them with $500 per violation or $1,000,” said one local resident. “People are struggling, and hopefully it will get the message across that if you are violating, you get fined, but the fine isn’t out of control.”However, the new cap has sparked concern among HOA leaders and property management experts who fear that enforcement of community standards will become more difficult.“Fines are usually a last resort,” said Holly Smith, Director of the Coachella Association’s Institute, a…..